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Trafigura chief warns of 'parabolic' rise in oil prices
Trafigura 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 sanctions
Some 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 ...
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 rubles
The 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...
Livestock exhibition Lepsi-2022. Kazakhstan
And again Kazakhstan! Quite unexpectedly for us, at the invitation of Baurzhan Ospanov, pionerprodukt.by is again going to Kazakhstan, already on June 14th. The main goal is to visit the Lepsi-2022 livestock exhibition , which will be held from June 16 to 19 in the Almaty region, in the Alakol district in the village of Lepsy. The best meat breeds of Kazakhstan and the World will be presented at t...
VTB sold its stake in STS Media
Until 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......
Russia terminated cooperation with Japan on fisheries
According 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 SWIFT
According 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...
Semashko: despite difficult external circumstances, Belarus and Russia have huge potential
Vladimir Semashko June 7, Minsk. Despite difficult external circumstances, Belarus and Russia have huge economic potential. This was stated by the Ambassador of Belarus to Russia Vladimir Semashko during the International Specialized Exhibition Belagro-2022, BelTA has learned. "Despite the difficult external circumstances due to sanctions, we saw the huge economic potential of both Russia and Bela...
FAO UN: in 2023 the world is waiting for a food crisis
Against the backdrop of the situation in Ukraine, the food situation in the world is expected to worsen, which will lead to both a shortage of raw materials and their rise in price, the UN Food and Agriculture Organization (FAO) believes. These problems will begin in 2023, the number of hungry people in the world will increase by 13.7 million people. This forecast was voiced by the leading economi...
Moscow authorities revealed the details of assistance to the labor market in the face of sanctions
More 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 assets
Banks 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 bank
Rosselkhozbank, 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 Ene
Jennifer 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...
Vučić accuses EU of stealing $600m from Serbs over oil embargo
Serbian 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......
Experts called the conditions for Eurasian integration against the backdrop of sanctions
In 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...
Bank of Russia: Russian economy stabilized in April-May, but price growth may still pick up
The negative dynamics in the Russian economy has slowed down after a sharp deterioration in March. At the same time, in the face of declining imports of goods and services, there are still risks of a further reduction in production as stocks of raw materials, materials and components are exhausted, it is still too early to call the reduced price growth rates sustainable, and inflationary pressure ...
Dow Jones stopped supplying Russian banks with sanctions data
The 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 Russia
Minister 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 oil
revenues 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...
Berlusconi saw the "isolation" of the West's position on Ukraine from the rest of the world Russia
isolated from the West, but the West is isolated from the rest of the world, Berlusconi believes, pointing out that even Turkey has not joined the sanctions against Moscow. He is sure, The different reactions of the countries of the world to what is happening in Ukraine showed the "bitter reality" and the isolation of Western countries from other states, which basically did not join the restrictiv...
India rejects accusations of politicizing oil purchases in Russia
According to the Indian Foreign Minister, the increase in Russian oil purchases is not due to politicization,but is a consequence of a less open market and the increased needs of India itself India is not involved in the politicization of Russian oil purchases, and the increase in purchases was due to the fact that world markets have become less open. This was stated at the international forum Glo...
EU put Arkady Volozh on the sanctions list Sanctions
against the co-founder of "Yandex" were introduced as part of the next, sixth, sanctions package of EU restrictions. The list also includes the head of the RKN, The European Union has included Arkady Volozh, the co-founder of Yandex, on the sanctions list. This is stated in the list of restrictions included in the sixth package of European sanctions against Russia and Belarus published in the Offi...
Volozh decided to leave Yandex
In the interests of the company, Volozh promised not to give voting instructions to the family trust,through which he owns a stake in Yandex Arkady Volozh The Yandex company announced that Arkady Volozh will leave the post of CEO of the group of companies, the board of directors and leave senior positions in international subsidiaries. The company's statement came after the EU published a sanction...
Abi increased production by 14.7% in the first quarter of 2022
Abi, a leading manufacturer of convenient and easy-to-cook meat products, reports: in the first quarter of 2022, the company produced more than 87 thousand tons of finished products. According to the results of the 1st quarter of 2022, the total production of Abi increased by 14.7% compared to the same period last year and amounted to 87.7 thousand tons of finished products. Revenue amounted to 15...
Sri Lankan court bans Aeroflot plane from leaving country
Aeroflot's Airbus A330 was detained at Bandaranaike International Airport the day before at the request of an Irish leasing company.The Colombo court banned the aircraft from leaving the country until June 16 Airbus A330 aircraft The High Commercial Court of Colombo upheld the complaint of a leasing company from Ireland against the Russian Aeroflot and banned the Airbus A33......
The European Union approved the sixth package of sanctions against Russia The
EU will impose a partial embargo on oil supplies, disconnect three banks from SWIFT, disconnect three TV channels from broadcasting,will ban the provision of consulting services and the use of cloud services Josep Borrell The EU Council approved the sixth package of sanctions against Russia, follows from the statement of the organization. “The Council today decided to impose the sixth package of e...
Patrushev allowed the restructuring of the economy thanks to the opposition to sanctions
The Security Council is preparing measures aimed at blocking attempts by Western countries to provoke an economic crisis in Russia. Effective opposition to sanctions will allow for a structural restructuring of the economy, Countering the sanctions pressure of foreign countries will allow for a structural restructuring of the Russian economy, said Nikolai Patrushev, Secretary of the Russian Securi...
Experts assessed the long-term effect of sanctions on the Russian economy Sanctions
will deduct 1-1.5% annually from Russia's GDP growth rates in the long term - until 2030, according to experts interviewed by the National Research University Higher School of Economics. Incomes of the population will not keep up with the growth of the economy, Долгосрочный эффект санкций будет выражен в торможении темпов роста российского ВВП на 1–1,5% в год, свидетельствуют результаты консенсус-...
US Treasury withdraws pension payments to Americans from anti-Russian sanctions US
Treasuryissued a general license in which he withdrew pension payments to Americans from anti-Russian sanctions. According to the FIU for 2020, about 21,000 people received Russian pensions in the United States. The US Treasury Department withdrew transactions related to the payment of pensions to Americans from anti-Russian sanctions, according to general license No. 38, published on the website ...