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The largest American crypto-exchange Coinbase began to send out notices to Russian clients about the closure of their accounts. Earlier, the company said that it will only limit access to accounts of clients who hold more than $10,000 in crypto, but now the blocking has affected even customers with
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Netflix officially announced the final withdrawal from the Russian market and the shutdown of the service for users from the Russian Federation. On May 27, Netflix stopped working for users with Russian IP-addresses. Netflix representative called the restriction of the platform in the country "the implementation of the withdrawal
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The United States will not extend a waiver that allows Russia to make payments to U.S. bondholders, which could bring Moscow closer to the brink of default. U.S. authorities reportedly view the restriction as an increase in financial pressure on Russia, the consequences of which would be more
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EU countries have frozen about 23 billion euros ($24.5 billion) assets of the Russian Central Bankm which is less than expected, Reuters reports. In addition, EU countries have also frozen about 10 billion euros of physical assets, such as yachts and villas, linked to oligarchs and officials linked to
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Sempra Energy, an American company, said it would sell about 2.25 million tons of liquefied natural gas a year to RWE AG, Germany's largest electricity producer, which is trying to move away from Russian gas.
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Russian pipe manufacturers expect a 34% drop in exports from Russia in 2022. This was reported by RBC referring to the data of the Pipe Industry Development Fund. The founders of the Fund are 8 largest pipe plants producing 65-70% of all the pipes in Russia.
Economy
Deliveries of smartphones to Russia increased by 43% in the first quarter while import of smartphones decreased by 14%. Experts blame it on the decision of the largest producers of smartphones, including Apple and Samsung, to stop deliveries. Such an increase in supply can also be explained by the fact
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Oil company Shell has withdrawn from the authorized capital of Gydan Energy, a joint venture with Gazprom Neft in the Arctic. They were working on the Yenisei oil project. It was planned that commercial production at the project could start in 2028.
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South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) terminated the contract for the construction of three LNG carriers ordered by Sovkomflot for the Arctic LNG-2 project of Russian private company Novatek. The reason was the late payment under the contract by the shipping company. Sovcomflot was unable to pay
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Equinor announced that it has withdrawn from all joint ventures with Russia, the statement from May 25 notes. Since February 27, 2022 Equinor stopped all new investments in Russia, stopped trading oil and gas products from Russia and announced an impairment of $1.08 billion on its balance sheet as
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The European Commission wants to simplify the confiscation of assets related to criminal activity, including those who evade EU sanctions against the Kremlin. This is reported by Reuters, citing a draft document in the possession of the editorial. The crimes for which the new rules would apply are terrorism, participation
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At the annual meeting on the Antarctic Treaty in Berlin, together with the Ukrainian delegation, 25 participating countries demonstratively left the meeting room during the speech of the Russian representative. France delivered a joint statement on behalf of 11 EU member countries, including Belgium, the Netherlands, Germany, Italy, Poland, Bulgaria,