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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
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EU ambassadors have approved the extension of all EU economic sanctions against Russia for its aggression against Ukraine for the next six months. This applies to sanctions, the first of which were implemented back in 2014 after Russia's first aggression against Ukraine, and significantly expanded from February 2022
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President Volodymyr Zelenskyy has enacted a decision of the National Security and Defense Council on sanctions against Russia's nuclear industry. As Zelenskyy noted, Russia is the only state in the world that allows its military to bombard nuclear power plants and use nuclear power plants as a cover
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According to Ukrainian intelligence, Russian space intelligence is collapsing under the influence of international sanctions. Due to an acute shortage of foreign and Russian-made electronics components, the production of key elements has been de facto halted. This was reported by the Defence Intelligence of Ukraine. The Defense Intelligence added that