Economics from PionerProdukt

According to the Central Bank, Visa and Mastercard cards issued by Russian banks will continue to work in Russia "as usual".At the same time, cross-border transactions with these cards will become unavailable. Visa and Mastercard payment cards of Russian banks will continue to work in Russia "as usual", the press service of the Central Bank reported. “All cards of Visa and Mastercard international...

The measures proposed by the British Prime Minister include support for Ukraine in the humanitarian and defense spheres. Russiapreviously promised to respond with "tough measures" to the "sanctions hysteria" in London British Prime Minister Boris Johnson has urged other leaders to join his six-point plan to respond to Russia's "invasion" of Ukraine, ranging from humanitarian support for Ukraine to...

US President Joe Biden , during a telephone conversation with Ukrainian President Volodymyr Zelensky, noted the efforts of American businesses to increase the costs to Russia, and also welcomed the decision of Visa and Mastercard to suspend activities in Russia. This was reported on the website of the White House. “President Biden highlighted the ongoing actions being taken by the United States, i...

The current crisis can be "multiplied by three" in comparison with the 1998 crisis, the businessman believes. The Iron Curtain, according to him, has already been lowered, Russia is facing a "severe" three-year crisis provoked by the conflict in Ukraine. This was stated by Russian billionaire Oleg Deripaska, speaking at the Krasnoyarsk Economic Forum. “I understand this better than others. When pe...

The government has requested the right to revise the terms of public procurement, including prices and terms of contracts.Among other anti-sanction proposals of the authorities in the field of public procurement is the possibility of withdrawing part of government contracts from public access To support the economy against the backdrop of the sanctions crisis, the government has requested a number...

La Reppublica learned about the arrest of the "yachts Mordashov and Timchenko" in ItalyEU. The yacht, according to the newspaper, owned by Mordashov, stood in the city of Imperia, Italian authorities have confiscated two yachts belonging to Severstal CEO Alexei Mordashov and businessman Gennady Timchenko, La Reppublica reports. Earlier, both billionaires came under EU sanctions imposed due to Russ...

It is forbidden to establish any business relationship and conduct transactions with them. Singapore also imposed export restrictions on Russia, Singapore imposes sanctions against Russia because of its military operation in Ukraine, according to the website of the Singapore Foreign Ministry. Banks VTB, VEB.RF, Promsvyazbank and Rossiya Bank were subject to restrictions. Singaporean companies cann...

sanctionsand other countries, Russian companies began to massively switch from foreign cloud services to domestic ones. Experts believe that the effect can become long-term, As representatives of several companies providing cloud services told RBC, over the past week, the demand for their services has increased several times. According to Linxdatacenter sales director Roman Shulimov, they see an i...

Clients of large credit institutions began to open Mir cards more often. Demand has risen against the backdrop of Western sanctions, Large Russian banks have recorded an increase in the issuance of Mir national payment cards since February 24 against the backdrop of the imposition of sanctions against Russian banks. This was told to RBC by representatives of VTB, Gazprombank, Alfa-Bank, MKB and Ro...

European broker Exante and American Interactive Brokers have warned about restrictions for Russian residents due to sanctions. Problems arise with the withdrawal of funds, Russian clients of foreign brokers - European Exante and American Interactive Brokers - faced service problems, RBC learned. Restrictions may apply to the withdrawal of assets and the processing of transactions with securities. ...

Ten people were subject to restrictions, who exactly is not specified. Ottawa also added Mishustin, Medvedev, Sobyanin and Beglov to the sanctions list. The Canadian authorities are imposing sanctions on ten key employees of the Gazprom and Rosneft companies, the country's Foreign Ministry reports. Who exactly fell under the restrictions, is not specified. These measures are designed to put additi...

The measure will also affect VTB. Earlier, the Japanese authorities announced the freezing of VEB's assets, Japan, within the framework of sanctions against Russia because of the military operation in Ukraine, will freeze the assets of four Russian banks. This was announced by Finance Minister Shun'ichi Suzuki, reports NHK. The restrictions will also affect VTB. The names of other financial organi...

Clients experience problems with the issuance of currency in banks. They complain about the lack of money, delays in issuance even with pre-order and commission. Clients of Russian banks complain about the difficulties with withdrawing cash in the branches of credit institutions. Problems are noted not only with sanctioned banks. For example, users of the banki.ru portal write about this (1, 2, 3,...

Cars, smartphones and household appliances can be delivered to Russia upon receipt of the appropriate license and on the condition thatthat these goods will not fall into the hands of the military US sanctions against Russia due to a military special operation in Ukraine do not apply to cars, smartphones and household appliances made in South Korea. This was stated by the Ministry of Commerce of t...

The Antwerp Management School (AMS) has ceased cooperation with the Russian RANEPA within the framework of EMBA training programs due to the conflict in Ukraine. This follows from a letter sent to students of the courses (available from RBC). “Unfortunately, the current geopolitical situation puts this [scientific work] at risk and imposes restrictions on cross-border partnerships . As long a........

Siemens has suspended deliveries and new projects in Russia, suspended the supply and operation of new ones in Russia.The company has been present in the country since 1852 Siemens announced the termination of deliveries to Russia and the suspension of all new business projects due to the situation around Ukraine and the sanctions imposed against the Russian state and business. “We are categorical...

from SWIFT Russian banks that previously fell under Western sanctions are disconnected from SWIFT.The ban comes into force on March 12 From March 12, the European Union will disconnect Russian banks VTB, Rossiya, Otkritie, Novikombank, Promsvyazbank, Sovcombank and VEB.RF from the SWIFT system. This is reported in the official journal of EU documents. “From March 12, 2......

The European Union has banned the sale and delivery of euro banknotes to Russia.The restriction will not affect tourists and diplomats The European Union has banned the sale, supply, transfer and export of euro banknotes to Russia, according to the EU Legislation Portal. “It is prohibited to sell, supply, transfer or export banknotes denominated in euros to Russia or to any individual or legal ent...

Kiev and London agreed on new sanctionsin connection with the Russian military operation. Earlier, British Foreign Secretary Truss said that they would affect the financial sector, Ukrainian Foreign Minister Dmitry Kuleba agreed with his British colleague Liz Truss on new sanctions against Russia, the minister himself said on Twitter. According to Kuleba, the new restrictions will also “close any ...

, which the EU will introduce against Belarus because of Ukraine, will affect its main export industry - potash fertilizers. Previous EU sanctions imposed in the summer of 2021 The EU Committee of Permanent Representatives agreed on new sanctions against Belarus. This is stated on Twitter of the country chairing the Council of the European Union - France. The sanctions will affect Belarusian offic...

are open to expanding sanctions against Russia at the expense of companies in the oil and gas sector. Earlier in Washington and European capitals, they said The US is open to imposing sanctions against Russia's oil and gas sector. This was stated by White House Press Secretary Jen Psaki in an interview with the American television channel MSNBC. “We are very open. We are thinking about it. Now the...

Shibuya Crossing in Tokyo Japan plans to impose sanctions on Belarus and its President Alexander Lukashenko because of Russia's military special operation in Ukraine, Japanese Prime Minister Fumio Kishida said in parliament. Restrictions may be introduced before the end of the week. “Given the obvious involvement of Belarus in the Russian invasion of Ukraine, we have decided to take sanctions meas...

Twitter is likely to impose restrictions on the content of Russian state media, Russia Today TV channel and Sputnik after the relevant EU regulation comes into force, according to Reuters. “European Union sanctions will likely legally require us to hide certain content in EU member states. We intend to implement the decision when it comes into force,” the social network said in a statement obtaine...

Netflix users can once again pay for a subscription to the service using cards from Russian banks. RBC employees drew attention to this. Payment is made even with a VTB card included in the US SDN sanctions list. RBC asked the Netflix press service for a comment. On February 28, the portal vc.ru drew attention to the fact that Netflix users are facing problems when trying to pay for a monthly subs...

The share of non-residents in the ruble public debt of Russia fell to 17.4% last week. This is the lowest level since December 2012. Foreign investors sold papers due to sanctions. As a result of Friday, February 25, the share of foreign investors in federal loan bonds decreased from 19.1 (as of February 1) to 17.4%, a representative of VTB Capital told RBC, citing data from the National Settlemen...

Companies are asked not to impose sanctionson uranium imports to keep electricity prices from rising. The White House said they would listen to the opinions of companies U.S. nuclear power companies are trying to influence the U.S. authorities to avoid imposing sanctions on uranium imports from Russia in order to avoid rising electricity prices , Reuters writes, citing sources. “[US nuclear power]...

Staying in these countries "may carry the risks of a timely and safe return to Russia," said the head of the agency. The head of the agency advises to rest in countries such as Turkey, Egypt, Chinaor Vietnam Rostourism advises Russians to refrain from traveling to those countries that have imposed sanctions on Russia, according to a report received by RBC. “In connection with the current situation...

Disabling the updates feature will not protect iOS and Android smartphone owners from remote blocking if Apple and Google decide to do so. But experts doubt Some companies have begun sending out letters to their employees recommending that they turn off the automatic software and app updates feature on smartphones and tablets. “Within the framework of possible sanctions, the blocking functionality...

The Turkish authorities do not want to "burn bridges" with Russia and impose sanctions , despite the fact that they are in favor of peace and a ceasefire in Ukraine Turkey has no plans to impose sanctions against Russia, Turkish President Recep Tayyip Erdogan's spokesman Ibrahim Kalin told CNN Turk. “We must act with our country's priorities in mind. There must be a party capable of negotiating wi...

To support Kiev, the West imposed tough sanctions that "pained" Russia, said the US President. He added that a military operation in Ukraine would weaken Russia and make the rest of the world stronger Joe Biden The Russian economy is shattered after Western sanctions, US President Joe Biden said during his speech to Congress. The speech was posted on the White House website. The head of state call...