Economy
On April 10, 2024, a significant decision by the European Union Court found in favor of Russian oligarchs Petr Aven and Mikhail Fridman, leading to the annulment of the sanctions imposed against these billionaires during 2022-2023. This ruling has sparked a wide range of reactions and opened up discussions about
Economy
In a recent declaration, Valdis Dombrovskis, the Vice-President of the European Commission, confirmed the European Union's initiation of work on its fourteenth package of sanctions against Russia. This move comes in response to Russia's full-scale invasion of Ukraine, highlighting the EU's ongoing efforts to
Economy
In a remarkable display of resilience and strategic growth, PepsiCo's Russian subsidiaries, Wimm-Bill-Dann (WBD) and PepsiCo Holdings, have reported significant financial performances for the year 2023, showcasing the company's robust market presence and adaptability in Russia. This development comes amid a complex global landscape, where multinational
Economy
In the evolving landscape of Eastern European industry, a noteworthy development unfolds in Romania with the establishment of a new manufacturing facility dedicated to the production of ultra-pure gases. This venture is raising eyebrows due to its potential connections with Russian businessmen, who have previously garnered suspicion from Ukrainian authorities.
Economy
In a decisive move, President Volodymyr Zelensky of Ukraine has enacted the decision of the National Security and Defense Council (NSDC) to impose personal sanctions on 86 legal entities and seven individuals, including citizens of foreign states. The corresponding decree has been published on the official website of the head
Economy
In a decisive move demonstrating the intersection of sports and global politics, the International Olympic Committee (IOC) has taken a firm stance against aggression by barring Abdulrashid Sadulaev, a celebrated Russian freestyle wrestling champion and supporter of Vladimir Putin, from participating in the Olympic qualification events leading up to the
Economy
Despite Western sanctions, India has seen the return of Russian 'Sokol' crude oil, marking a resurgence in trade ties between the two countries. According to Bloomberg, three tankers loaded with 'Sokol' oil are currently docked at Indian ports, with a fourth en route, signaling a clear
Economy
In the wake of the large-scale invasion of Ukraine by Russia, international luxury brands that initially paused their operations in the Russian Federation have begun a widespread closure of their stores. This development is highlighted by the Russian publication "Kommersant," which reported the closure of three Moscow boutiques
Economy
Georgia's ruling political faction, "Georgian Dream," has formally requested the United States Embassy to revoke sanctions imposed on several Georgian judges. This appeal was made public by Mamuka Mdinaradze, the leader of the party's parliamentary majority and executive secretary, according to a report by
Economy
After the full-scale invasion of Ukraine by Russia, elite automotive brands publicly and officially exited the Russian market. It seemed that the billion-dollar market was devastated, and members of the so-called Russian elite were doomed to make do with the remnants of luxury. However, this has proven not to be
Economy
In a significant move to curb the illicit funding of North Korea's weapons program, the United States announced on Wednesday the imposition of sanctions against six individuals and two companies based in Russia, China, and the United Arab Emirates. This decisive action underscores the U.S. commitment to
Economy
The United States has escalated its financial defensive measures by imposing restrictions on cryptocurrency operators, which have been exploited by Russia to circumvent the sanctions levied in response to its ongoing military actions against Ukraine. The Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions targeting a