Минфин

The co-founder of Alfa Group and the LetterOne holding offered to transfer $1 billion to the Ukrainian Alfa-Bank, counting on the lifting of British sanctions, writes WSJ. The businessman himself denies Russian businessman Mikhail Fridman, co-founder of Alfa Group and LetterOne holding, offered to transfer $1 billion to Ukrainian Alfa Bank, The Wall Street Journal writes. According to the publicat...

Bill No. 184193-8 has been submitted to the State Duma on the extension of zero VAT on the sale and import of breeding stock until December 31, 2025, while this benefit is valid until December 31, 2022. The authors of the amendments - Duma Vice Speaker Alexei Gordeev and Chairman of the Duma Committee on Agrarian Policy Vladimir Kashin - believe that the extension of the exemption will help compan...

Turkey has extensive ties with Russia and Ukraine, but Ankara will not allow to circumvent international sanctions, assured the Ministry of Finance of the republic. Turkish exports to Russia soared, US Deputy Treasury Secretary Wally Adeyemo told his Turkish counterpart Nyunus Elitash about the attempts of Russian individuals and legal entities to circumvent international sanctions with the help o...

In addition, Washington allowed operations to close accounts of individuals in banks that fell under sanctions The US Treasury withdrew operations related to pension payments from sanctions against Russia, follows from the general license. “All transactions necessary for the processing of pension payments to US citizens or persons who are not US citizens and are not located on the territory of the...

Biden plans to allocate an additional $80 billion to the Internal Revenue Service to more effectively levy taxes on wealthy citizens. According to NYP sources, thus the President of the United Statesplans to raise at least $700 billion over ten years Joe Biden President Joe Biden will allocate an additional $8......

Leading regions of Russia have increased their income in the first half of 2022, despite the sanctions, calculated in the NKR. Revenue growth was 27% compared to the same period in 2021. According to ACRA, the total surplus of the regions is now ₽1, The top 10 Russian regions — leaders in terms of the absolute level of budget revenues — managed to significantly increase revenues in the first half ...

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...

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...

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...

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...

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......

After the July talks in Istanbul with the participation of representatives of Russia, Ukraine, Turkey and the UN, the export of Ukrainian grain by sea was resumed. At the same time, according to some Russian officials, there are obstacles to the export of Russian crops, and in addition, there is a threat to domestic agriculture due to the dominance of imported seeds of certain crops and livestock ...

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 German sanctions legislation, the persons on the sanctions lists after the imposition of restrictions are required to immediately disclose asset data to the government.None of the Russians did this None of the Russians sanctioned by the European Union provided the German government with information about their assets, as required by national legislation on the implementation of sa...

Banks may not fulfill obligations in foreign currency to legal entities and individual entrepreneurs if the funds appeared on customer accounts after August 8,explained the Central Bank Russian banks may suspend their obligations to customers in foreign currency if the funds were received on the account after August 8, 2......

The President also allowed the Central Bank to determine the maximum value of the commission of banks for currency transfers in the event of sanctions against them. President Vladimir Putin signed a decree, one of the clauses of which provides that banks whose funds in foreign currency were frozen abroad can suspend the fulfillment of their obligations to foreign customers in this currency. In ano...

Otkritie Investments appealed to the sanctions division of the US Treasuryand to the Swiss regulator.The complaint is related to the refusal of Credit Suisse to execute instructions to transfer client assets to NSD Otkritie Investments has filed a complaint with the sanctions department of the US Treasury against the Swiss bank Credit Suisse. It concerns the transfer of securities, Yury Maslov, ge...

The Central Bank announced a set of measures to supervise banks during the crisis. In particular, he is exploring the possibility of creating an autonomous fund to support the financial sector. The Central Bank is thinking about creating a new fund to support the banking sector. The regulator announced this in a document on the new tasks of the financial market (.pdf). In a negative situation in t...

Part of the information on public procurement was withdrawn from access due to sanctions against Russia, which also prevented the analysis by the Ministry of Finance.The Ministry plans to return data to the closed circuit of the Unified System by April 2023 International sanctions have led to the concealment of a share of information on public procurement, some transactions are carried out without...

The ETS company, which conducts the TOEFL English exam, will allow Russians and Belarusians to take it remotely from August 4.Conducting the face-to-face exam in these countries is not possible due to the ongoing conflict in Ukraine Citizens of Russia and Belarus will be able to take some versions of the TOEFL English exam remotely from August 4, the Educational Testing Service (ETS) said in a sta...

The list included the co-owner of PhosAgro Guryev and his son, businessmen Viktor Rashnikov, Andrey Melnichenko and the head of the board of directors of the National Media Group Alina Kabaeva. Also under the sanctions were MMK,USA The United States has updated the OFAC SDN Treasury Department sanctions list, which provides for the blocking of assets, isolation from the dollar system, by adding si...

sanctionsmore than 30 officials of foreign states were hit,whom Washington suspects of “supporting Russia’s annexation of Crimea”US Department of State The United States has extended visa restrictions to 893 Russian officials, including members of the Federation Council and military personnel. This is stated in the statement of the US State Department. The sanctions target individuals whom the Uni...

The representative of the Ministry of Finance of the kingdom said,that the frozen funds belong to 1229 citizens and 110 organizations from Russia Since the beginning of the Russian special operation in Ukraine, Belgium has frozen about €50.5 billion belonging to individuals and companies from Russia that fell under EU sanctions , the Nieuwsblad newspaper reported, citing Francis Adins, a represent...

Russia's assets worth €1.2 billion were frozen in France without taking into account the volume of blocked property of the Central Bank. The European Commission named France among the six countries France has frozen €1.2 billion of Russian assets, and this amount does not include the property of the Central Bank, Guillaume Valette-Vala, head of the intelligence unit of the Ministry of Finance of t...

According to the newspaper, EU and UK sanctions against ships carrying oilfrom Russia, should have been introduced at the same time,however, London delayed the decision due to the energy crisis The European Union and Great Britain agreed in early June to jointly ban their companies from insuring ships with Russian oil, but despite the restrictions already imposed by Brussels, London, where Lloyd's...

The Philippines is negotiating with Moscow on the supply of fertilizers, Russian Ambassador to Manila Marat Pavlov said in an interview with RIA Novosti. “As far as I know, negotiations between Philippine companies and Russian fertilizer producers are already underway,” the diplomat said. According to him, "the issue of fertilizer supplies is being raised by the Philippine side at the highest leve...

According to the newspaper, EU and UK sanctions against ships carrying oilfrom Russia, should have been introduced at the same time,however, London delayed the decision due to the energy crisis The European Union and Great Britain agreed in early June to jointly ban their companies from insuring ships with Russian oil, but despite the restrictions already imposed by Brussels, London, where Lloyd's...

NWFagainst Russia The Accounts Chamber has sent a number of proposals to the Russian government aimed at improving the safety of the National Welfare Fund (NWF), the agency's website says. “The control agency recommended analyzing the current structure of the NWF funds and making changes to it, providing for the exclusion of the share of funds placed in foreign currencies of states that have appli...

Mechanism for limiting prices for Russian oilG7 plans to introduce simultaneously with a partial EU embargo, Reuters learned.The embargo will take effect on December 5 The G7 plans to impose a ceiling on Russian oil prices by December 5, when EU sanctions will come into force , prohibiting the import of Russian raw materials by sea, a source told Reuters. “The goal is to meet the deadlines set by ...

Fishing companies have faced massive refusals from foreign ports to repair Russian vessels. Since domestic shipyards cannot serve this fleet, Representatives of large fishing companies, as well as specialized associations, told RBC about the difficulties that have arisen in recent months with the repair of the fishing fleet. In recent years, more than two-thirds of the large and medium-sized fleet...