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This collection of articles explores the fallout of the war in Ukraine on Western companies operating in Russia
...At the same time. the bank needs to keep its business in Russia functional in order to attract a buyer, while not overtly supporting the Russian wartime economy....
...Building this fleet allows Russia to sell oil above the cap....
...China already receives gas from eastern Russia through the first Power of Siberia pipeline, which began operating in 2019....
...The deal would allow the bank to repatriate earnings from Russia....
...The EU has agreed a new package of sanctions against Russia that for the first time targets Chinese and Indian companies accused of supporting Moscow’s war effort....
...“Prior to this ban Russia-origin metal had come to increasingly dominate LME inventories, so pricing had increasingly reflected the underlying discount for these less desirable Russia units,” he said in...
...for doing business with Moscow....
...Russia’s finance ministry has appointed Investitsionnaya Palata, which is not under sanctions, to organise the trade....
...The Bundesbank warned last year that an excessive dependence on China was why Germany’s “business model is in danger”....
...The shipment shows how Russia has been able to bolster its energy industry with Beijing’s help, despite western attempts to kill the project and cripple Russia’s LNG ambitions....
...The second less so: Russia....
...Since the fall of the Soviet Union, SLB has built a major business in Russia, which generated about 5 per cent of the group’s $33.1bn revenues last year and employed about 9,000 staff....
...Demand to move goods from Asia to Europe by rail via Russia has soared since the start of the Red Sea crisis, according to logistics companies and rail operators, boosting the finances of the country’s state-owned...
...Officials said Russia had made $40bn from sales of the metals over the past two years, while it has been fighting in Ukraine....
...The writer is former chief economist at the Institute of International Finance In failing to take a tougher stance on sanctions against Russia over its invasion of Ukraine, the EU might have stored up a...
...of sanctions-afflicted bonds would continue to be paid while those in Russia could not....
...The UK and EU imposed sanctions on Fridman and Aven, as well as their partners German Khan and Alexei Kuzmichev, in the early weeks of Russia’s full-scale invasion of Ukraine in 2022....
...The hope was that this shock would cripple Russia’s economy, weaken its ability to finance the war and ultimately force President Vladimir Putin to the negotiating table....
...Russia holds a majority stake in the lender. “Of course, every shareholder would like the company to pay 110 per cent as dividends, and we can afford it — but not for long . . ....
...Unilever employs 3,000 people in Russia, and the business represented about 1 per cent of group turnover in 2023....
...While Americans were even more apathetic than Europeans, only a third of all respondents thought doing business in Russia was “completely unacceptable as long as the war with Ukraine is ongoing”....
...Troost formally exited that business in November. Additional reporting by Shotaro Tani...
...This followed his defenestration from Downing Street in 2016 after losing the Brexit referendum and a period advising collapsed finance group Greensill Capital....
...Russia’s finance ministry has set terms for a proposed swap of Russian and western investors’ frozen assets in each other’s jurisdictions, allowing each side to claw back value lost to sanctions over Vladimir...
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