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Tinkoff Bank, Alfa Bank, and Rosbank were included in the 10th package of EU sanctions. Their assets will be frozen and they will not be able to conduct transactions via SWIFT. The EU explains the sanctions against these banks by the fact that the sector in which they operate provides
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The countries of the European Union have agreed on a tenth package of sanctions against Russia [https://ec.europa.eu/commission/presscorner/detail/en/ip_23_1185]. This happened exactly one year after the start of the full-scale Russian invasion of Ukraine. The sanctions include, among other things, severe restrictions
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The app of MTS Bank has disappeared from the App Store and Google Play, the credit institution said in its Telegram channel. The message noted that those who already have the application installed will be able to continue using it. The app was removed because on February 24, MTS Bank
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Sanctions for the invasion of Ukraine and a drop in Russian oil and gas revenues have caused a gigantic $25bn budget deficit in Russia. Russia's oil and gas revenues plummeted in January 2023, leading to the biggest budget deficit in the first month of the year since at
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Credit Suisse has frozen Russian assets worth 17.6 billion Swiss francs (more than $19 billion), SonntagsZeitung reports. As journalists note, this is more than a third of all declared Russian assets in Switzerland. Of this amount, only about 4 billion francs belong to sanctioned individuals in Switzerland. The remaining
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Against the background of the introduction of large-scale sanctions and the withdrawal of foreign automakers from the country, production of cars in Russia collapsed by 67% in 2022, to a historical minimum of 450 thousand units. The deepest annual drop in production in modern Russian history had previously been recorded
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Beginning from March 21, Slack will shut down Russian communities with free workspaces. The company sent a notice of forced closure of the space opendatarussia.slack.com because it was registered to an email address in the .ru zone. Since the sanctions were imposed last year, the messenger was still
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Japanese clothing manufacturer Uniqlo, which suspended operations in Russia in March 2022, has decided to completely leave the country and has no plans to resume its operations. This is reported by Russian media Kommersant, citing sources. Another source of the newspaper said Uniqlo was considering its complete withdrawal from Russia
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Music streaming service Spotify has started the process of closing its Russian legal entity. According to an extract from Russia's Unified State Register of Legal Entities, it had been operating in Russia since January 13, 2014. Spotify has not been operating in Russia since 11 April 2022. As
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New EU sanctions introduced to weaken Russia's war machine also include a renewed ban on symbolic goods that do not necessarily affect strategic industries. This was reported [https://euobserver.com/world/156725] by EUobserver, citing a 146-page list of goods that will no longer be exported to Russia.
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The United States and its G7 partners may announce a new package of sanctions against Russia that will be announced on the anniversary of Russia's full-scale invasion of Ukraine, US Under Secretary of State Victoria Nuland said during a telephone briefing with journalists. In addition, individual penalties are
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The Fédération Internationale de Football Association (FIFA) and the Union of European Football Associations (UEFA) do not plan to lift the ban on Russian football teams' participation in European tournaments, as Russia's large-scale war against Ukraine is still ongoing, Sky News reports. The report notes that in