The recipe for restructuring the country: minimizing corruption, resetting the government with new, completely different teams, and maximizing the involvement of big neoligarchic business. Along with the war in Ukraine, the issue of unprofessionalism of the civil service and public administration has escalated, but at the same time, there is a unique chance to restart…
Category: economy
Russian banks have begun to repay their obligations on domestic bonds in rubles, not dollars and euros
Sanctioned VTB made payments in rubles. One of the largest Russian banks against which Sanctions imposed – VTB – made coupon payments in rubles to the owners of its domestic subordinated bonds denominated in dollars and euros. This was reported by Reuters, citing data from the National Settlement Depository. “Russia's ability to continue servicing foreign…
Poland is working on the construction of the “Dry Port” with Ukraine for the export of Ukrainian agricultural products – Ministry of Agrarian Policy
“Port” should speed up the passage of the necessary procedures at the border. The Ministry of Agrarian Policy of Ukraine announced that Poland will build “Dry port” on the border with Ukraine. This was written on the website of the department. With the help of “Port” will facilitate the export of Ukrainian agricultural products. “During…
Sanctions against oil and gas from Russia are inevitable – the head of the European Parliament
Sooner or later, the EU will have to impose sanctions on Russian energy. President of the European Council Charles Michel during a speech at the plenary session of the European Parliament said that the European Union will sooner or later have to impose restrictions on Russia's energy resources, ie oil and gas. He also wrote…
Default of Russia: payment in rubles for Eurobonds is not accepted
The non-payment of debt obligations in dollars on April 4 will start a grace period of 30 days, after which there will be a default, which will cut off Russia, which is already cut off from the financial markets. Russia's Finance Ministry was unable to pay in Eurobonds in dollars, and the payment made in…
Direct sanctions were imposed only against 0.000002% of Russia's population
Do these sanctions correspond to the thousands of deaths of Ukrainians and 80 percent Russian support for the war? In the month since the Russian invasion of Ukraine, only 2,379 citizens of the Russian Federation were on the world sanctions lists, which is 0.000002% of Russia's population. This was reported by Opendatabot, a platform for…
The European Union intends to refuse to supply gas and oil from Russia – the head of the European Council
No specific terms are currently being named. Sooner or later the European Union will have to take action against imports of gas and oil from Russia , said European Council President Charles Michel . “I think that measures on oil and even gas will also be needed – sooner or later,” he said. The European…
Canada is tightening sanctions against Russia over the Bucha massacre
The country's Foreign Minister said that world democracies need to do more to isolate Russia. Canada deepens sanctions pressure against Russia . The relevant statement appeared on the website of the government. From now on, it is forbidden to provide insurance, reinsurance and underwriting services for Russian aircraft. Nine Russian oligarchs, Igor Kostyukov, and nine…
Compensation for the war at the expense of the Russian Federation: the Government is considering the idea of monthly cash payments to Ukrainians and businesses
For a long time, Ukrainians will be allocated funds to compensate for the destroyed property. The Ukrainian government seeks to obtain the frozen assets of Russia and its leadership and temporarily introduce the so-called “unconditional income” for the population. Adviser to the President of Ukraine Oleh Ustenko said this on the telethon. “The possibility of…
Prime Minister of Poland: Germany is the main obstacle to tougher sanctions
Instead, Hungary is in favor of all sanctions, he said. The Prime Minister of Poland Mateusz Morawiecki under during a press conference said that the main obstacle to tougher sanctions against the Russian Federation is Germany. Politics quotes Reuters. He also added that Hungary is in fact in favor of sanctions. “We must understand that,…