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NKR experts assessed the impact of sanctions on various sectors of the economy
NKR experts analyzed the resistance of key sectors of the Russian economy to sanctions pressure. In their opinion, the greatest negative impact of Western sanctionswill have on aviation,telecommunications and ferrous metallurgy The Russian economy faced unprecedented external pressure in 2022, and its various sectors turned out to be differently prepared for the new reality, experts from the NKR r...
Bloomberg learned about US fears due to the "side effect" of sanctions
With the withdrawal of large companies from Russia, US authorities"were caught off guard by the potential side effects," Bloomberg learned. However, the American administration does not consider its sanctions policy a mistake, A number of officials in the US presidential administration have expressed concern that sanctions , "instead of affecting the Russian authorities, exacerbate inflation, wors...
The EU has changed the order of sanctions exceptions in the execution of old agreements
The European Commission has provided clarifications on the extent to which the execution of existing contracts can be used to continue business with Russia.There are fewer options for applying this exception to the sanctions The Framework Agreements cannot be considered as valid contracts for the purposes of implementing anti-Russian sanctions, and the extension of the contract also cannot claim t...
Serbia will not be able to import Russian oil from November due to EU sanctions
According to Vučić, from November Serbia will have to stop importing Russian oil. Previously, he stated Serbia will not be able to import Russian oil from November 1 due to EU sanctions, President Aleksandar Vucic said, RTS reports. According to him, only in Obrenovac (TEP TENT-A) 350 tons of fuel oil are consumed daily, since the coal is not dry enough and of good quality. And in winter, the cons...
The Ministry of Finance in connection with the sanctions classified budget expenditures in areas
The Ministry of Finance published only the total amount of executed expenses, refusing to provide data for specific areas,including under the section "National Defense" The Ministry of Finance decided to limit the distribution of budget reporting due to Western sanctions, the ministry's press service told RBC. “In connection with the pressure exerted by the United States , the EU, Great Britain an...
The Foreign Ministry imposed sanctions against British journalists and commanders of the Air Force
and Navyprohibited from entering Russia. The list included journalists from leading British media, including the BBC, The Times, Daily Telegraph and Daily Mail, The Russian Foreign Ministry has included in the sanctions list of journalists from the British media, including the BBC and Sky News, as well as commanders of the types of troops of the armed forces of Britain, according to the website of...
The owner of TransContainer proposed to create an artery of the Eastern Hemisphere
The owner of the largest container operator, Sergei Shishkarev, proposed creating a second "trading artery" of the Eastern Hemisphere. It will go from Southeast Asia through India and Iran to Russia, Central Asia, Against the backdrop of unprecedented Western sanctions, the chairman of the board of directors of the Delo group of companies (which owns the largest container operator in Russia, Trans...
China, Serbia and India will fill the shortage of natural casings for sausage producers in Russia
Russian producers of sausages and frankfurters may face difficulties due to a shortage of food casings. Will domestic producers be able to replace imports of an important component in the near future - in the material of the FBA "Economy Today". Europe was the main supplier of sausage casings to Russia, however, from July 1......
Peskov announced the search for new ways of interaction between countries against the backdrop of sanctions
Dmitry Peskov Russia and its friendly countries are looking for new ways to interact against the background of the imposition of sanctions and the emergence of other risks, Kremlin spokesman Dmitry Peskov said in an interview with TASS. “The situation is not easy, it can rather be described as difficult in terms of this unprecedented economic war. But there is no evil without good. This situation ...
Glass production in Russia fell by 30% due to sanctions and reduced demand
The workload of glass factories in Russia decreased by 30%, and production also decreased. Flat glass sales fell due to reduced domestic demand, disruptions in logistics and sanctions. The load on the production of sheet glass, which is used primarily in construction, has decreased by 30%, follows from a comment by the press service of the Ministry of Industry and Trade, received by RBC. In May 2....
Businessman Kuzmichev lost the court on the disclosure of his addresses in France
The French regulator considered the disclosure of the addresses of the house and villa of the Russian businessman "proportionate" to the circumstances Aleksey Kuzmichev The Supreme Court of France rejected the claim of Russian businessman, co-founder of Letter One and Alfa Group Alexei Kuzmichev, who challenged the publication by the country's authorities of data on the location of his house in Pa...
Kostin announced the need for new standards for regulating banks
For bankers, the world "will never be the same," says Andrey Kostin, head of VTB. In his opinion, It is hardly worth it for Russia to fully adhere to the Basel regulations - the regulatory standards developed by the Basel Committee on Banking Supervision, which the Russian Central Bank also adheres to. This opinion was expressed in a column for RBC by the head of VTB Andrey Kostin. However, the Ba...
"Start with a clean slate." Kostin on new principles of the financial market
Andrey Kostin The events of recent months have changed each of us and each of us in different dimensions. And of course, changes are inevitable in all key areas of our country's life. Over the 30 years of the existence of modern Russia, certain tools and guidelines have appeared that have become familiar and convenient. And their loss should not throw us off balance. Today it is necessary to sober...
Political scientist: Poland is building a great power from sea to sea
June 13, Minsk. The nature and density of news from Warsaw regarding Kyiv suggests that Poland has entered an active phase of development of Ukraine. This is stated in an article by Russian political scientist, historian Veronika Krasheninnikova, published on the agency's website.Poland has become one of the main newsmakers in recent months - almost a day without news. The other day it became know...
Borisov spoke about cooperation with Belarusians in the development of electronics
Yury Borisov Russia will cooperate with Belarus for the development of electronic engineering, it is "impossible to master this direction alone." Deputy Prime Minister Yury Borisov spoke about this in an interview with RBC TV. “Even in the Soviet Union, Belarusian enterprises, in particular Planar, were actively engaged in electronic engineering. Now these ties are being restored, we are forming t...
Kiev asked to clarify Biden's words about refusing to hear warnings
Western countries did not impose preventive sanctionsagainst Russia against the backdrop of the threat of the outbreak of hostilities, as requested by the Ukrainian authorities, this allows us to say that Kyiv's partners did not want to hear him,considers Nikiforov Sergey Nikiforov The words of US President Joe Biden that his Ukrainian counterpart Vladimir Zelensky “did not want to hear” warnings ...
Vucic explained the refusal of sanctions against Russia at the request of Scholz
Despite Scholz's "strong" request to join sanctions against Russia, Serbia will not do so, Vučić said. Belgrade is sure Despite the position of German Chancellor Olaf Scholz and the European Union as a whole, Serbia does not intend to impose restrictive measures against Russia, as it does not consider such a policy to be effective, Serbian President Aleksandar Vucic said at a press conference, Reu...
Biden warned Americans about the "Putin tax"
So he commented on the report of the US Department of Labor, according to which consumer prices in the country rose in May by a record 8,6% Americans are being forced to pay a "Putin tax" on fuel and food, US President Joe Biden said in a speech following the release of May's inflation data, which was a record for more than 4......
Tambov region celebrates Farmer's Day
On June 10, Russia celebrates one of the main holidays for people employed in agriculture - Farmer's Day. Farming plays an important role in the development of the economy of the Tambov region, as well as in providing the population with quality products. There are about two thousand farms in the region. “Farming is our food security,” notes Maxim Egorov, Acting Head of the Administration of the T...
Enterprises of the Lipetsk region are ready to ensure the food security of the country
The agro-industrial complex of the region produces much more than is necessary for domestic consumption. Currently, the world is facing a difficult situation with food, but experts are confident that Russia is reliably protected from such problems. Production capacities and a large raw material base of agricultural regions make it possible to provide food not only to the population of our country,...
Alfa Group stated that Fridman did not request Ukrainian citizenship
Alfa Group co-founder Mikhail Fridman did not negotiate on obtaining Ukrainian citizenship and transferring assets to the country, Alfa told RBC.Mikhail Fridman, head of the Ukrainian anti-corruption agency, said the opposite in an interview. One of the richest people in Russia, co-founder of Alfa Group and the LetterOne holding, Mikhail Fridman, did not try to obtain Ukrainian citizenship and tra...
Japan to ban export of locomotives, machine tools and bulldozers to Russia
The Japanese authorities will impose a ban on the export to Russia of trucks, dump trucks, locomotives and other products that help strengthen industrial infrastructure.In May, Tokyo banned the supply of high-tech equipment Japan will ban the supply of dump trucks, bulldozers and trucks to Russia, this decision was made by the government of the country as part of the next package of sanctions, Min...
Experts warn of new trends in Eurasia amid crisis
The largest geopolitical crisis in relations between Russia and the West will inevitably affect regional processes in Eurasia, the strategies of the leading players will change, but Beijing and Moscow have the same interests,experts say What is the crisis of Eurasia The largest geopolitical crisis in relations between Russia and the West will inevitably affect regional processes in Eurasia. Expert...
Canadian police announced the blocking of Russian assets for $ 314 million
The Canadian authorities have frozen both the funds in the accounts and those that participated in the transactions. Now the country is discussing a bill that will allow not only to block, Since the beginning of the Russian operation in Ukraine and until June 7, Canada blocked 412.1 million Canadian dollars ($328.6 million) that were in Russian accounts or appeared in transactions involving person...
Japan will not supply trucks and bulldozers to Russia from June 17
June 10, Minsk. Japan has banned the export of trucks, dump trucks and bulldozers to Russia since June 17, according to the Minister of Economy, Industry and Trade of the country, Koichi Hagiudo. The ban also applies to other types of equipment that strengthen Russia's industrial base.Earlier, Japan banned the supply of luxury goods to Russia, including luxury cars, expensive alcoholic beverages, ...
The head of BASF said that there is “no place” for supporters of the special operation in the company.
Employees who did not condemn the special operation in Ukraine “should not be members of the BASF family,” the head of the concern believes. Publicly, a top manager opposed the ban on oil importsand gas from Russia. What is known about the departure of BASF, "None of these people should be a member of the BASF family," BASF chairman Martin Brudermüller said of those who support and do not condemn ...
Deputy Prime Minister announced the growth of the Russian economy, despite sanctions
Aleksey Overchuk The sanctions imposed on Russia did not lead to the expected decline in the economy, its growth continues, Deputy Prime Minister Alexei Overchuk said during the conference “Kazakhstan and Russia . Current areas of cooperation within the framework of the EAEU (Eurasian Economic Union. -), taking place in Nur-Sultan, TASS reports. “Thanks to the measures taken by the President of th...
Peskov announced the plans of the West to push Russia to an artificial default
With 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 Russia
28 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...
Dzermant: the basis of sovereignty is the development of agriculture and food autonomy
Alexey Dzermant. June 8, Minsk. The basis of sovereignty is the development of agriculture and food autonomy. Political scientist Aleksey Dzermant shared this opinion on the air of the talk show "Budni" on , BelTA informs.“Our President has a strong peasant past. During all the years of the country’s independence, he really invested in agriculture. Although opposition economists were yelling: what...