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- Large Russian banks will start purchasing domestic ATMsBanks will study the issue of using Russian ATMs with the Elbrus processor, which may appear in 2023. Now they mainly use foreign devices, Large Russian banks, some of which are under Western sanctions, will start purchasing domestic ATMs, their representatives told RBC. Now only foreign manufacturers of ATMs are represented on the Russian market, says a representative of Sberbank. Already in 2......
- Deliveries of goods from the United States to Russia hit a new record lowDeliveries of goods from the United Statesin April 2022, a record low of $89 million was updated in RUSSIA. Shipments of cars, boats, and agricultural vehicles almost zeroed.RBC studied the latest trade statistics of the US and Russia After US exports of goods to Russia fell nearly fivefold in March 2......
- US eases sanctions against CubaThe US Treasury eased the sanctions imposed earlier against Cuba. About it with reference to the document of the ministry reports REUTERS. The document says that the United States has expanded the provision of consular services to Cubans, re-launched the family reunification program. At the same time, ordinary private trips of Cubans to the United States will still remain banned. In addition, they...
- Bloomberg learned about the reduction of Microsoft's activities in RussiaThe decision will affect approximately 400 employees. In March, the company suspended new sales in RUSSIA, but MICROSOFT emphasizes Microsoft will significantly reduce operations in Russia due to "a change in the economic outlook and a negative impact on business" in the country, BLOOMBERG reports citing an email newsletter. “We will continue to fulfill our existing obligations under contracts wit...
- Peskov announced the plans of the West to push Russia to an artificial defaultWith a question about alternative settlement options for Eurobonds, the representative of the President advised to contact the Ministry of Finance Dmitry Peskov With sanctions against the National Settlement Depository (NSD), the European Union is pushing RUSSIA towards an "artificial default," Presidential Press Secretary Dmitry Peskov said, RBC correspondent reports. NSD is the central depositor...
- Canada has expanded sanctions against Russia28 types of services and seven industries, including oil production, were subject to restrictions, gas, coal and metals,as well as the production of coke and chemicals CANADA has expanded sanctions against the Russian oil and gas and chemical industries, according to a statement from the Canadian Foreign Ministry. In particular, the provision of a number of services to Russian companies from these...
- The Times learned about Arakhamia's letter supporting the lifting of sanctions against AbramovichThe HEAD of the Ukrainian delegation at the talks with RUSSIA stood up for Roman Abramovich, who disputes the EU sanctions. According to him, David Arakhamia, the head of the Ukrainian delegation at negotiations with Russia on the conflict settlement, wrote a letter in support of billionaire Roman Abramovich, who is now trying to challenge the EU sanctions against him in COURT, reports The Times, ...
- Trafigura chief warns of 'parabolic' rise in oil pricesTrafigura warns that oil prices could show a 'parabolic' rise that threatens the economy. The HEAD of the oil trader believes that the situation in the energy sector is critical, since sanctionsagainst RUSSIA restrict oil supplies Oil prices could see "parabolic" growth this year, hitting record highs and slowing economic growth, said Jeremy Weir, chief executive officer of oil trader Trafigura. “...
- The FIU disclosed the number of refusals to transfer pensions abroad due to sanctionsSome Russian pensioners living abroad were unable to receive a pension transfer in the second quarter amid sanctions, the Pension Fund told RBC.Since April 2022, foreign banks have rejected payments for 37 citizens Due to foreign sanctions, foreign banks began to reject transfers from the Russian Pension Fund (PFR) to Russian pensioners living abroad. This was reported to RBC in the press service ...
- Bloomberg learned about the US plan to reduce dependence on Russian uraniumA plan to purchase fuel for reactors directly from manufacturers in the amount of $4.3 billion must be approved by Congress. According to the agency, The US Department of Energy is seeking congressional approval of a plan to buy enriched uranium directly from US producers in order to reduce imports from RUSSIA, BLOOMBERG writes, citing a source. According to him, it is proposed to allocate $4.3 bi...
- Export of boards and timber from Russia grew by 10%Despite Western sanctions , the EXPORT of sawn timber from RUSSIA in January-May 2022 increased by 10%, to 11.2 million cubic meters. m. CHINA remains the leader among buyers of Russian boards,which accounted for half of the deliveries The volume of exports of sawn timber from Russia in January-May 2......
- Sberbank denied reports of difficulties with converting rupees into rublesThe seller and the buyer are in the process of discussing the details of the calculations, they have no claims against Sberbank, they said. REUTERS previously reported Reports of Sberbank's problems with the conversion of rupees into rubles, due to which the Indian company Indian Potash allegedly cannot pay for Belarusian potash, do not correspond to reality, the press service of the bank told RBC...
- EU bans affect €900m trade in oilcake and chemicals with RussiaThe sixth package of EU anti-Russian sanctions included bans on the purchase of ALCOHOL and vegetable waste in RUSSIA, as well as on the sale of special chemicals to Russia.The total cost of these bans exceeds €900 million Last week, the European Union introduced the sixth package of sanctions against Russia, the central elements of which are an embargo on the import of Russian oil (with a ban on ...
- VTB sold its stake in STS MediaUntil March of this year, VTB ceded to the National Media Group its stake in the STS Media holding, which manages the entertainment channels STS and Domashny. The buyer reported After the end of the reporting year, the National Media Group bought out 45% of JSC Media Investments from the second shareholder, according to the financial statements of the HEAD JSC National Media Group for 2......
- The Economist journalist deleted the message about the termination of IBM in RussiaThe original version of the article said, with reference to the report of The Economist journalist Oliver Carroll, that IBM announced the termination of work in RUSSIA. However, after the release of the material, he deleted this message. In early March, the company announced the suspension of commercial activity in the country and the termination of the sale of software and cooperation with Russia...
- Russia terminated cooperation with Japan on fisheriesAccording to a bilateral agreement concluded by the countries in 1998, Japanese fishermen could fish in the southern Kuriles within the quota,allocated by the Russian side in exchange for payments and assistance for the Sakhalin Region RUSSIA suspended cooperation with Japan in the fishing of marine resources due to the freezing of payments under a bilateral agreement and the "delay" with the sign...
- Polish Foreign Minister proposed to disconnect all Russian banks from SWIFTAccording to Rau, the sixth package of sanctions was for the EU "an important step towards ensuring independence from Russian energy resources,"but these measures are not enough Zbigniew Rau The European Union should include in the seventh package of sanctions all energy carriers and banks of RUSSIA, said Polish Foreign Minister Zbigniew Rau. His words are quoted by Polish Radio. Rau said the EU's...
- Moscow authorities revealed the details of assistance to the labor market in the face of sanctionsMore than 140 Moscow companies participating in the state support program have created over 15,000 jobs.additional jobs for employees at risk of dismissal or lost their jobs due to sanctions In Moscow, the first stage of selection of applications from companies for participation in state programs to support employees who are under threat of dismissal or who have lost their jobs due to sanctions ha...
- The authorities came up with a scheme to rid banks of frozen assetsBanks under sanctions will be able to get rid of frozen assets and not spend money on settlements with creditors from "unfriendly" countries, follows from the new bill.To do this, they were offered reorganization according to a special scheme. Russian banks under sanctions may be able to clear their balance sheets under the new scheme, follows from a bill prepared by the Ministry of Economic Devel...
- Japan imposed sanctions against two Russian and one Belarusian bankRosselkhozbank, Moscow Credit Bank,as well as the Belarusian Development Bank Japan imposed sanctions against the Russian Agricultural Bank and the Moscow Credit Bank, as well as against the Belarusian Development Bank, the country's Foreign Ministry said in a statement. The measures include freezing the assets of financial institutions, as well as restrictions on payments and the movement of capi...
- The Ministry of Foreign Affairs put US ministers, heads of Universal Pictures and Netflix on the "stop list" Russia is imposing sanctions on another 61 American citizens, including the heads and leadership of the Ministry of Finance, the Department of EneJennifer Granholm The Russian Foreign Ministry announced personal sanctions against another 61 US citizens, the list appeared on the department's website. it, in particular, hit Energy Secretary Jennifer Granholm and Treasury Secretary Janet Yellen. “In response to the ever-expanding US sanctions against Russian political and public figures, as well as representatives of domestic businesses, 61 Am...
- A US court has issued arrest warrants for two “Abramovic-linked” planesUS COURT issues arrest warrants for two planes linked to Abramovich believe that "Abramovich-related" aircraft were flown to RUSSIA in March in violation of US EXPORT sanctions.Their value is estimated at more than $400 million Roman AbramovichA federal court in New York has issued arrest warrants for two planes linked by US authorities to Russian businessman Roman Abramovich, BLOOMBERG reported. ...
- Vučić accuses EU of stealing $600m from Serbs over oil embargoSerbian citizens are in for "big problems" once the oil embargo goes into full effect, Vučić said.He also accused the EU of stealing $600 million a year from the Serbs due to the effects of the embargo. EU sanctions against Russian oil "stole $600 million from the pockets" of Serbian citizens, President Aleksandar Vucic said, Blic reports. “Due to sanctions against Russian oil, $6......
- The United States considered the closure of the sky for Lavrov's plane the sovereign right of the three countriesAccording to a representative of the US State Department, the decision of Bulgaria,North Macedonia and Montenegro to close skies to Lavrov's aircraft is sovereign and reflects Europe's "determination" in confronting "Russian aggression" in Ukraine US State Department spokesman Ned Price The decision of Bulgaria, North Macedonia and Montenegro not to allow the plane carrying Russian Foreign Ministe...
- Yandex announced Volozh's intention to appeal EU sanctions EUdecision to impose sanctionsagainst Volozh was unfair and based on a “misconception” about the businessman and the company, Yandex said. it added, Arkady Volozh, co-founder of Yandex, will appeal in COURT the decision of the European Union to impose sanctions against him, the company said. “We were extremely disappointed to learn that our founder and CEO, Arkady Volozh, has come under EU sanctions...
- Freight companies warned of the risk of bankruptcies in the marketDue to Western sanctions, trucking tariffs are falling, while prices for spare parts and consumables are rising, transport companies said.This threatens the industry with losses and problems with fleet renewal. The freight transportation index FTL.RF, which reflects the change in tariffs for road transportation to 1......
- Experts called the conditions for Eurasian integration against the backdrop of sanctionsIn the context of anti-Russian sanctions, the EAEU countries are faced with a choice - to strengthen integration with RUSSIA or distance themselves from it, experts from the VEB.RF Institute wrote.The first path will require the formation of common markets and institutions The partnership of Russia and other countries of the Eurasian Economic Union (EAEU) with the states of "Greater Eurasia", incl...
- Dow Jones stopped supplying Russian banks with sanctions dataThe DOW JONES service, the largest aggregator of data on the imposed sanctions, began to terminate contracts with Russian banks, RBC learned.Without these lists, they cannot qualitatively monitor client operations and assess sanctions risks. Russian banks have a problem with obtaining compliance information about their customers - Western suppliers of data on sanctions lists in force around the wo...
- The Ministry of Economy of Switzerland questioned the effectiveness of sanctions against RussiaMinister Guy Parmelin said it was difficult to assess the effectiveness of the sanctions, but noted thatthat their main goal - ending the conflict in Ukraine - has not yet been achieved The sanctions imposed by Western countries against RUSSIA because of the special operation in Ukraine have not yet reached their goal, Guy Parmelin, HEAD of the Swiss Ministry of Economy, Education and Science, rec...
- Spiegel estimated the consequences of the oil embargo for Russia and Europe Analysts interviewed by Spiegel believe that the embargo will reduce Russia's oilrevenues in the long termand inflation continues to rise in Europe. But they allow Due to the ban on oil imports from RUSSIA, which the European Union introduced as part of the sixth round of sanctions, inflation in Europe will continue to rise, this will hit European consumers and businesses, Guntram Wolf, HEAD of the Brussels-based think tank Bruegel, told Der Spiegel. “Inflationary pressure wil...