Category: Russias
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EU Seeks Ways to Seize Part of Russia’s Frozen $280 Billion
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Bread path links PMN Business The European Union explores more aggressive ways to seize the designs of the frozen central bank in Russia with the bloc’s referee to ensure financial and military support to Ukraine, amid indications that the United States may help it. The author of the article: Bloomberg…
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Ukrainian energy workers carry out repairs despite Russia’s pounding of the country’s power grid
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Breadcrumb links PMN BMN Business Article writer: Associated Press Ilya Novikov Posted on November 29, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content On a bright winter’s day, workers at a Ukrainian thermal…
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India is now Russia’s No. 2 supplier of restricted technology
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India has become the second-largest supplier of restricted critical technologies to Russia, US and European officials said, highlighting the challenge faced by efforts to stifle exports that fuel President Vladimir Putin’s war machine. Indian exports of banned items such as microchips, circuits and machine tools topped $60 million in both…
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Impending expiry of U.S. sanctions licence threatens Russia’s yuan liquidity By Reuters
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Written by Elena Fabrichnaya MOSCOW (Reuters) – The expiration of a U.S. license allowing transactions involving pillars of Russia’s financial infrastructure could make doing business with Russian companies more difficult and costly, sources involved in imports and payments told Reuters. The yuan, which hit a near one-year high against the…
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Russia’s VTB bank says US sanctions have complicated cross-border transactions By Reuters
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MOSCOW (Reuters) – U.S. sanctions imposed on Moscow this month have complicated foreign trade operations for Russian banks but they are gradually adapting to the new reality, the chief financial officer of Russia’s second-largest lender VTB said on Friday. On June 12, the United States imposed Ukraine-related sanctions on the…
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The Dutchman who gets Nike and Lego into wartime Russia’s stores By Reuters
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By Tassilo Hommel, Gleb Stolyarov, Polina, Nikolskaya, and David Gauthier Villars Paris (Reuters) – Nike (NYSE:) stopped selling its sports apparel to Russia shortly after Moscow launched its all-out invasion of Ukraine more than two years ago. But that didn’t stop Footballstore.ru, an online sports retailer owned by Russian football…
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Russia’s Tatarstan eyes building $100m Bitcoin mining center
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Fintech company Innopolis Tech, controlled by Russia’s former communications minister, is set to build Russia’s largest bitcoin mining center worth about $100 million. The Republic of Tatarstan is preparing to build the largest Bitcoin mining infrastructure in Russia with an investment value of about $100 million, according to… Local news…