Economy
Russia’s state-owned nuclear energy company, Rosatom, continues to bolster the country's budget through its subsidiary in the Netherlands. These additional revenues, in turn, contribute to financing Russia’s war efforts against Ukraine. According to a report published by Dutch media outlet NOS, the activities of Rosatom’s
Economy
The volume of oil supplies to Hungary, Slovakia, and the Czech Republic has remained steady despite Ukraine's sanctions against the transit of the Russian company Lukoil. This was reported by the chairman of the board of Naftogaz, Oleksiy Chernyshov, in an interview with NV. According to Chernyshov, there
Economy
Introduction Recent developments in Ukraine have marked a significant step towards economic independence and anti-corruption efforts. One such event is the decision by the Cabinet of Ministers of Ukraine to privatize a plant previously owned by Russian Senator Sergey Kalashnik. This plant, Motor-Detail-Konotop, has been included in the list of
Economy
In a significant move towards international cooperation in anti-corruption efforts, the Italian Financial Police (Guardia di Finanza) have confiscated assets worth €41 million belonging to Russian oligarch Alexey Fedorichev. Among these assets is the notable Torre del Gallo castle located in the picturesque region of Tuscany. This seizure, prompted by
Economy
Russian airlines are facing a significant reduction in their fleets of Western-made aircraft as a result of ongoing Western sanctions. The Moscow Times, citing data from Rosaviatsia, reports that from the end of October 2023 to June 26, 2024, the number of operational aircraft in the fleets of Russia'
Economy
The recent intensification of sanctions against Russia’s "Lukoil" in June has not affected the volume of oil transit through Ukraine, according to Alexey Chernyshov, head of "Naftogaz." Chernyshov made this statement during a Zoom meeting with investors on July 22, as reported by Forbes Ukraine.
Economy
Introduction In the shadow of international sanctions, the clandestine supply of microelectronics to Russia continues to persist, albeit with notable reductions. A recent Reuters report, based on data from the U.S. Department of Commerce, highlights that while these illegal shipments have diminished by a fifth this year, Hong Kong
Economy
In a significant development, Slovakia and Hungary have announced the cessation of oil imports from the Russian company Lukoil following the intensification of Ukrainian sanctions against the firm. This decision underscores the geopolitical complexities and economic repercussions of ongoing regional conflicts. Source: "European Truth" Details: Both Slovakia and
Economy
Starting July 16, 2024, Latvia will implement a new ban on the entry of cars with license plates issued in Belarus. This decision, taken by the Latvian State Revenue Service, is a response to the current sanctions imposed by the European Union and aims to support measures that reduce the
Economy
On July 8, the Swiss Federal Department of Economic Affairs, Education, and Research (EAER) announced the expansion of its sanctions lists against Russia, aligning with additional sanctions recently imposed by the European Union (EU). This measure is a response to the ongoing military aggression by Russia against Ukraine, which has
Economy
In the wake of escalating tensions resulting from the conflict with Ukraine, the West has imposed what can now be considered total sanctions against Russia. Oleg Deripaska, a Russian oligarch on the sanctions list, has pointed out that these developments have drastically altered the economic landscape for Russia, necessitating a
Economy
Moldova faces a complex geopolitical challenge as it navigates its relationship with the European Union and its stance on sanctions against Russia. Foreign Minister Mihai Popșoi recently articulated this delicate balance in an interview with TV8, highlighting the intricacies of Moldova’s position on aligning with the EU’s comprehensive