Economy
The European Union has prepared a set of proposals that will enable Ukraine to begin receiving income from frozen Russian assets as early as July, according to Bloomberg. These proposals are based on taxing the profits from these frozen reserves, aiming to allocate approximately 3 billion euros annually to finance
Economy
In a firm rebuttal to the accusations laid out by Hindenburg Research, LPP Group, the Polish clothing manufacturer behind renowned brands such as Reserved, Cropp, Sinsay, House, and Mohito, has vehemently denied claims of continuing operations in Russia. The company's statement comes amid allegations suggesting that LPP'
Economy
In a significant development that has stirred the fashion retail industry, Polish fashion giants CROPP, Sinsay, and Reserved, all under the ownership of LPP SA, have been accused of a feigned exit from the Russian market. This revelation comes courtesy of the American investment company Hindenburg Research LLC, which claims
News
In a significant move, the United States has announced a new set of sanctions against several Israeli settlers residing in the occupied territories of the West Bank. This decision, disclosed by the State Department and reported by CNN and European Pravda, marks a continuation of the measures signed by the
Economy
Over the past three years, the trade dynamics between the European Union (EU) countries, Russia, and Belarus have undergone significant changes, navigating through a complex geopolitical landscape. Despite the turbulent ties, resulting from the full-scale Russian invasion of Ukraine, the EU's annual trade turnover with Russia and Belarus
Economy
On March 12th, the European Union made a pivotal decision to extend sanctions against Russia for another six months in response to its full-scale aggression against Ukraine. These sanctions, aimed at individuals responsible for threatening Ukraine's territorial integrity, sovereignty, and independence, are now set to last until September
Economy
The European Commission is actively working on a strategy that could enable the transfer of the first tranche of 2-3 billion euros to Ukraine from the immobilized assets of the Russian Central Bank in the West, starting in July of this year. This initiative, highlighted by the Financial Times on
Economy
The United States Treasury Department imposed sanctions on March 8 against two companies in Russia and the Central African Republic (CAR) for their role in facilitating the Wagner Group's activities in Africa. Detailing the sanctions, the U.S. targeted Bois Rouge, also known as Wood International Group SARLU,
Economy
In a significant discovery, Lithuania's intelligence agencies have unveiled the presence of companies within the country that continue to engage with Russian businesses, aiding them in circumventing international sanctions. This revelation stems from a joint report by the Counterintelligence Department of the State Security Department and the Military
Economy
In the face of mounting Western sanctions designed to cripple its economy, Russia has demonstrated a striking resilience, particularly within its energy sector. February saw a dramatic surge in the country's earnings from oil and gas sales, leaping by more than 80% compared to the previous year, and
Economy
In an unprecedented turn of events for Russia's aviation sector, one of its largest carriers, Rossiya Airlines, reported a staggering 41-fold increase in net losses for the year 2023, totaling 21.6 billion rubles. This financial downturn has caught the attention of industry analysts and stakeholders, especially given
Economy
In a significant move that underscores the continuing tension between Russia and the European Union, Lithuania has issued a stark warning to owners of vehicles registered in Russia. According to Lithuanian customs authorities, all vehicles with Russian registration numbers must leave Lithuania and the entire territory of the European Union