Economy
In a significant shift in the Russian retail landscape, the last standing stores of prominent global brands LG, Sony, and Bosch are shuttering their doors, signaling the end of an era for these household names in the country. The closures come amid a backdrop of logistical challenges and a changing
Economy
In an important development reported by European Pravda, Wally Adeyemo, the Deputy Treasury Secretary of the United States, in an interview with Reuters, revealed that the threat of sanctions against financial institutions has significantly influenced the flow of funds between Russia and countries like Turkey, the United Arab Emirates, and
Economy
In a move that could reshape the agricultural landscape within the European Union (EU), Ukraine has escalated its call for a ban on the sale of Russian agricultural products within the EU. This proposal, aimed at countering the influx of Russian goods that compete with local produce, has garnered attention
Economy
In a recent development, the European Union's Permanent Representatives have approved the extension of current sanctions against Russia and Belarus for another six months. This decision comes amidst Hungary's unsuccessful attempt to remove the names of three Russian oligarchs, specifically Alisher Usmanov, Vyacheslav Kantor, and Dmitry
Economy
In a significant development following the European Union foreign ministers' meeting on February 19, Hungary's Foreign Minister Peter Szijjarto announced that Budapest would not obstruct the adoption of the EU's 13th package of sanctions against Russia. This statement, sourced from "European Pravda" based
Economy
In a significant announcement that underscores the tension between the United States and Russia, President Joe Biden has indicated that his administration is contemplating the imposition of additional sanctions against Russia in response to the death of Russian opposition leader Alexei Navalny last week. This development highlights a critical juncture
Economy
In a recent development that has caught the attention of financial markets and international policymakers, Euroclear, the prominent international depository, has voiced its apprehensions regarding the proposal to utilize frozen Russian assets to issue debt obligations for Ukraine. This proposal, currently under discussion by the G7 nations, aims to leverage
Economy
The Canadian government has removed sanctions on four individuals, notably including Olga Aiziman, the ex-spouse of Russian billionaire Mikhail Fridman. This decision was published in the Canada Gazette, as reported by liga.net, marking a significant shift in the country's stance towards certain Russian nationals previously penalized amid
Economy
The European Union is contemplating imposing sanctions on North Korea for supplying missiles to Russia, which Russia allegedly employs against Ukraine, as reported by Bloomberg citing documents reviewed by "European Truth." The proposal entails adding the North Korean defense minister and the Main Missile Bureau—a governmental body
Economy
The United States government has disclosed the staggering cost of maintaining the confiscated super-yacht of Russian oligarch Suleiman Kerimov. According to reports, the US government is spending over $7 million annually on the upkeep of the sanctioned vessel and has urged a judge to authorize its auction pending resolution of
Economy
Recent revelations highlight Austria's significant dependence on Russian gas, with 98% of gas imports in December sourced from Russia. This staggering statistic underscores the country's heavy reliance on a single source for its energy needs, a situation that has raised concerns among policymakers and energy experts
Economy
In a joint effort, a group of Nordic countries, Baltic states, and the Czech Republic has called upon the European Commission to draft proposals for new sectoral sanctions against Russia. This call for action comes as tensions continue to escalate in the region amidst the ongoing conflict in Ukraine. The