Category: economy

NBU explained how Alfa-Bank in Ukraine with its Russian owners differs from Alfa-Bank in Russia

ALFA-BANK (Ukraine) is a systemically important bank operating in Ukraine exclusively within the framework of Ukrainian legislation. International sanctions against Russia's Alfa-Bank do not apply to Ukraine's JSC “ALFA-BANK”. This explanation was provided by the National Bank of Ukraine with reference to the US Treasury Department. JSC “ALFA-BANK” (Ukraine) is a legal entity different from…

Companies operating in Russia will stop insuring in Japan

These are Japanese companies operating in Russia. Japanese insurance companies specializing in property insurance , suspended the conclusion of new contracts and the continuation of existing ones with companies from Japan operating in the Russian market. This is what the Russian media write about. In particular, the company is called Tokio Marine Nichido. It is…

Deripaska said how many years it would take Russia to recover from the lifting of sanctions

It takes 10 years, but the starting point is “ending the conflict” with Ukraine. Russian billionaire Oleg Deripaska believes that the construction Russia's successful economy could take more than 10 years. According to him, in 4-5 years it is necessary to find “new markets” and develop exports from the country, writes the Russian media. “…

The SBU detained an “energy expert” who was in fact a Russian propagandist

“Expert” spread Kremlin propaganda for “millions of fees”. Security Service of Ukraine (SBU) detained in Kyiv “Energy expert”, who was actually an employee of the Russian propaganda news agency “Russia Today”. According to the SBU, the detainee distributed Kremlin propaganda for millions of “fees”. However, the name The SBU does not name this “expert”. of…

The European Union has allowed its companies to fulfill contracts for aircraft leased by Russia

Contracts will be executed until they expire. The European Union has allowed its companies to perform financial leasing contracts, concluded with Russian airlines until February 26. After the expiration of the contract, the aircraft will become the property of carriers from the Russian Federation under the terms of financial leasing. This is reported by the…

India is stabilizing economic ties with Russia amid sanctions

New Delhi is developing a payment mechanism to settle trade amid sanctions against Moscow for invading Ukraine. Simultaneously with the introduction of the fifth package of sanctions against Russia and increasing pressure on Moscow, India is developing plans to circumvent Western restrictions, continue trade relations with Russia and resolve financial issues. Referring to the statements…

The West praised the strengthening of the ruble: “tales” for the people and allies in Asia to avoid settlements in dollars and euros

Exchange rate stability of the ruble is temporary. The ruble exchange rate currently no longer reflects reality , and its artificial support is dangerous for the economy, say Western bankers, analysts and the press. They are also convinced that the strengthening of the ruble is a temporary phenomenon and very expensive. About it writes bbcrussian.…