The EU has named the conditions under which European depositories will be able to settle accounts with NSD in order to pay Russian investors. But even if there are clear criteria, it will not be easy to agree on deals, The European Commission allowed settlements with the National Settlement Depository (NSD), which fell under the sanctions, where the securities of Russian investors hung, but subjec...
Ministry of Finance buildingUSA The US has imposed sanctions on three Liberian government officials under the Magnitsky Act, including President George Weah's chief of staff. The US authorities believe that officials included in the sanctions list are involved in corruption schemes. Nathaniel McGill, the chief of staff of the incumbent President George Taulon Manne Oppong Usman Weah, the country's...
The initiative to stop accepting payments for transit in rubles comes from the Lithuanian authorities, and not from Siauliai Bank, Ryabokon believes. In the Kaliningrad region allowed Moscow calls on Vilnius to stop playing games on the issue of transit to Kaliningrad and behave "like an adult," Sergey Ryabokon, Russian Charge d'Affaires in Lithuania, said on the Rossiya 24 TV channel, commenting ...
According to the head of the Skolkovo Foundation, Igor Drozdov, the current situation is “motivating”, and the foundation, “in essence”, has synchronized with the tasksset by the Russian governmentHead of the Skolkovo Foundation Igor DrozdovHead of the Skolkovo Foundation Igor DrozdovHead of the Skolkovo Foundation Igor DrozdovHead of the Skolkovo Foundation Igor DrozdovHead of the Skolkovo Founda...
The Skolkovo Foundation and Skoltech have been losing foreign customers since spring, and new sanctionsworsened the situation. Western clients allowed them to build competencies, and, for example, In early August, the Office of Foreign Assets Control (OFAC) of the US Treasuryincluded the Skolkovo Foundation, the Skolkovo Institute of Science and Technology (Skoltech) and the Skolkovo Technopark on...
According to Izvestia, the Ministry of Transport is already developing amendmentswhich will allow Russian airlines under sanctions to legally rearrange components from one aircraft to another Russian airlines have asked the Ministry of Transport to allow them to legally rearrange components from one aircraft to another to maintain the fleet in good working order under the sanctions, Izvestia repor...
More than two-thirds of companies from the UK have suffered from the consequences of anti-Russian sanctions, according to the British newspaper Daily Mail, citing a survey by the insurance agency Mactavish. The study showed that 71% of respondents have assets directly affected by the restrictions on Moscow. About half of the companies cited rising costs and disruptions in production chains as dama...
After the imposition of sanctions, the Skolkovo Foundation lost some of its large foreign clients, and Skoltech - foreign customers and teachers.The question of the impact of sanctions on students from other countries remains open Teachers began to leave the Skolkovo Institute of Science and Technology (Skoltech) due to sanctions imposed on the Institute, the Skolkovo Foundation and the Skolkovo T...
Earlier, the German authorities adopted requirements according to which underground gas storage facilities must be filled up to 75% by September 1,up to 85% by October 1 and up to 95% by November 1 Underground gas storage facilities (UGS) in Germany are 75% full as of mid-August, Klaus Müller, head of the Federal Network Agency (BNA), said on Twitter. The German authorities have previously adopted...
According to Golovchenko, despite the sanctions pressure, Belarus’ exports to “unfriendly countries” amounted to a “considerable” $3.5 billion in six months,and the West is already receiving signals of readiness to work with Minsk Belarusian Prime Minister Roman Golovchenko said that signals from the West about their readiness to cooperate with the Belarusian side, and expressed the opinion that W...
Skoltech Rector Kuleshov called the idea of switching to 6G communications bypassing 5G “stupid.”The development of fifth-generation communications in Russia is constrained by the lack of domestic equipment Alexander Kuleshov, rector of the Skolkovo Institute of Science and Technology (Skoltech), believes that the development of sixth generation (6G) mobile communications in the country is impos...
In June 2022, the export of industrial equipment from the European Union to Russia again exceeded €1 billion. The supply of medicines also increased,which became the second largest European export to Russia Exports of goods from EU countries to Russia partially recovered in June 2022, up 18% month-on-month to €4.45 billion (vs. €3.78 billion in May). Exports rise for the second consecutive month f...
Serbia seeks to maintain an independent policy regarding sanctions against Russia, but Belgrade cannot promise anything. This was stated by Serbian President Aleksandar Vucic, reports Kurir.rs. “I do not promise anything, I only promise the people that we will protect our policy as much as we can. And this is my “as much as we can” is stronger than the oaths of everyone else in this country on the...
The Ministry of Economy reported that in June, GDP fell by 4.9% compared to the same period last year.In general, the Russian economy shrank by 4% in the second quarter According to preliminary estimates from Rosstat, Russia's gross domestic product for the second quarter of 2022 decreased by 4% compared to the same period last year. “The index of the physical volume of gross domestic product in t...
The Austrian Mondi in March 2022 announced plans to get rid of business in Russia. Now the company says it has found a buyer. One of the largest office paper producers in Russia, which also produces Snegurochka paper, announced the sale of the business to a new owner: the assets of the Austrian Mondi in Russia for €1.5 billion will be bought out by Augment Investments Limited, co-owner of Pharmsta...
Niinistö spoke of growing concern about a possible escalation in Ukraine and noted that it was “impossible to imagine”what would be the new beginning of relations between the West and RussiaSauli NiinistöSauli NiinistöSauli NiinistöSauli NiinistöSauli NiinistöSauli NiinistöSauli Niinistö The energy crisis and the consequences of the economic downturn against the backdrop of the situation in Ukrain...
The entire "Abramovich fleet" worth more than $1.2 billion is located in Turkey: two more vessels were noticed there, which are associated with the businessman. In March, the businessman was sanctionedBritain and the EU.He decided to challenge the restrictions in court The entire “Roman Abramovich fleet”, which fell under EU and UK sanctions, is “safe and sound”: in addition to the Solaris and Ecl...
Alternative options for the development of the Russian economy will be the path of accelerated adaptation or the crisis under the influence of the global recession, by analogy with the events of 2008, the Central Bank believes.The last scenario assumes a decline in GDP for three years The Central Bank presented two alternative options for the development of the Russian economy, depending on extern...
In July 2022, non-oil and gas budget revenues collapsed by 29%, which was a record for at least 11 years, follows from the data of the Ministry of Finance.Experts attributed this to the problems of metallurgists and the general slowdown in business activity due to sanctions. Non-oil and gas revenues of the federal budget in July decreased by 29% in annual terms, to 99......
The founder of the Volga-Dnepr group, Alexei Isaikin, who was sanctioned in JuneGreat Britain,withdraws from the shareholders of all its Russian and foreign structures and transfers control to management Alexey Isaikin, the founder and main owner of Volga-Dnepr, Russia's largest cargo air group, decided to withdraw from the company's shareholders and transfer control to management, the company's p...
The US will "actively impose" sanctions on both Russia and Iran for arms trafficking, US State Department deputy spokesman Vedant Patel said during a briefing, Reuters reported. “We remain incredibly concerned about Iran's use and proliferation of drones. They have been used to attack US forces, our partners in the region and international shipping companies,” Patel said. The Deputy State Departme...
On Thursday, the Saeima of Latvia recognized Russia as a sponsor of terrorism, and Estonia announced the closure of the border for Russians - holders of Schengen visas issued by this country. What are the legal grounds and consequences of these measures, What does Latvia's recognition of Russia as a sponsor of terrorism mean? On Thursday, the Saeima of Latvia adopted a majority resolution recogniz...
The decision of the American Coca-Cola to stop production of its flagship drink in Russia led to a drop in production at the Russian plants of the company associated with Coca-Cola - it fell by 46% in the second quarter Switzerland-based Coca-Cola Hellenic Bottling Co., in which the American Coca-Cola Co. owns 21% and which is engaged in the production of various drinks in Europe and Africa, repor...
The previous IEA forecast assumed that Russia would produce 10.6 million barrels per day in 2022, but now the IEA believes that the average annual production will be at the level of 10.86 million,which is “comparatively little different from 2021” The International Energy Agency (IEA) increased by 26......
will come into force in a week, however, visas already issued to Russians will continue to be valid for entry into other EU states. It will also be possible to enter Estonia with visas, Estonia will close its borders to Russian citizens with Schengen visas issued by the republic, with some exceptions, Foreign Minister Urmas Reinsalu said, Delfi reports. The Estonian sanctions will come into force ...
In the bank's statements, the wording about the sale of the Russian business "at an acceptable price" appeared.Three months ago, OTP did not prescribe such an opportunity The Hungarian OTP Bank, which controls the Russian OTP Bank from the top 50, announced the possible sale of a subsidiary - this wording appeared in the financial statements of the credit institution under IFRS for the first half ...
According to the sources of the newspaper, SPB Exchange is studying the issue of creating a depository similar to Euroclear, so that there are not three depositories, as it is now, but a whole group of depositories,combined into a single platform SPB Exchange plans to expand the number of depositories used to store foreign assets due to the risk of blocking by foreign regulators and the desire of ...
Most likely, the Russian economy will follow the path of inertial development, which will lead to a new stagnation, predicts the CMASF.But in the event of an escalation of the military conflict, autarky is also possible - to the detriment of the well-being of Russians What options does the CMASF see? All reasonable scenarios for the development of the Russian economy imply the preservation of sanc...
After the imposition of an embargo on the import of Russian oil and oil products, the EU countries increased their purchases of this raw material from Russia. Italy was especially distinguished, increasing imports by 20% in June against May, European countries in June 2022 increased the import of crude oil and oil products from Russia compared to May, after the EU governments imposed an embargo on...
Member of the French Parliament and spokesman for the Rally National party, Laurent Jacobelli, appealed to the French authorities to lift sanctions against Russia, Valeurs Actuelles magazine writes. Jacobelli believes that the sanctions are hurting those who imposed them more because the ruble has been able to strengthen while the sanctions have weakened Western economies, he said. In particular, ...