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Britain, the United States, Canada and Japan will ban new imports of Russian gold in an effort to tighten the sanctions squeeze on Russia for its invasion of Ukraine. This is reported by Reuters. The ban will apply to newly mined or refined gold. > "The measures we have
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U.S. President Joe Biden and his G7 counterparts will agree on an import ban on new gold from Russia as they broaden sanctions against Moscow for its war against Ukraine, Reuters reports The U.S. Treasury Department will issue a determination to prohibit the import of new gold into
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Britain has already cut imports of Russian gas by 75% and oil by 50%, British Secretary of State for Business, Energy and Industrial Strategy Kwasi Kwarteng said. > "By the end of this year, we will no longer import Russian fossil fuels," Kwarteng noted.
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The bill approved allows for the confiscation of assets of those responsible for the invasion of Ukraine by Russia and their further transfer to Ukraine. This is reported by Reuters.
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The newly announced sanctions include a ban on imports of Russian gold, sanctions against additional 70 Russian individuals and organizations, and a ban on exports to 90 military-related organizations.
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This is the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. For months, the country found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace period on about $100 million of
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Parliament speaker Igor Grosu said that Moldova would stand in solidarity with the European Union. When asked if this meant that they would join the new sanctions, he replied: > "Yes, of course. Because the purpose of these sanctions is to stop the war," Igor Grosu said on
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Microsoft announced it would no longer sell its products in Russia in early March, and in June, users with Russian IP addresses had problems downloading Windows installation files. Now representatives of the company have noted that Microsoft intends to continue cutting business in Russia "until there is nothing left,
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Telecoms equipment maker Cisco suspended business operations, including sales and services, in Russia in March. Now, Cisco will wind down its business in Russia and Belarus, the company said. This is reported by Reuters. > "We have now made the decision to begin an orderly wind-down of our business
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According to Rostrud, 0.8 mln Russians are registered with the employment services, 700.000 of which have the status of unemployed. The official statistics are far from reality, and the illegal employment market is not reflected in these data at all. Finding a new job is getting harder every
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They include additional measures on oil refining technologies and goods and other key industries, as well as prohibition on the export and use of sterling and EU banknotes in Russia. The relevant document is published on the British government's website.
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The U.S. company Nike Inc. decided to completely withdraw from the Russian market and not reopen against the backdrop of the Russian aggression against Ukraine. The Company will close its websites and stores in Russia. Nike already suspended operations three months ago at all of its stores in Russia.