The imposition of US sanctions against the Russian Union of Industrialists and Entrepreneurs (RSPP) is something of a paradox. The RSPP reflects the interests of businessmen and companies – ie. the locomotives of the capitalist economy. So, by definition, these are the very people who most believe in free markets. …
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Moscow regards Tuesday’s incident in which an American drone crashed in the Black Sea as a provocation, Ambassador Anatoly Antonov said after being summoned to the State Department in Washington. Antonov met with Assistant Secretary of State for European and Eurasian Affairs Karen Donfried, who protested the “unsafe and unprofessional …
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Relations between Moscow and Brussels are now at their “lowest point,” Russia’s foreign minister, Sergey Lavrov, told TASS in an interview published on Tuesday. The EU has declared a “hybrid war” on Moscow by unquestioningly following the US, the minister added. The policies of Brussels have only hurt the interests …
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Once Russia ends the conflict in Ukraine, it should be given a chance to do business with Germany again, German Chancellor Olaf Scholz said on Monday. He repeated that Moscow must and will not win, however. A Russian government that ends the hostilities “needs a chance to restart economic cooperation, …
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German Economy and Climate Action Minister Robert Habeck threw out the country’s entire business model on Monday, saying it relied on cheap energy imports from Russia that will never return. Habeck’s comments came during his announcement of a special tax on natural gas, intended to redistribute the impact of energy …
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Almost 250 international companies continue to operate in Russia, including more than 100 EU enterprises, according to a list compiled by Yale’s Chief Executive Leadership Institute. Since the launch of the Russian military offensive in Ukraine in late February, the institute has been tracking the responses of more than 1,200 …
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Iconic Swedish furniture brand IKEA is winding down business activities in Russia, the newspaper Izvestia reported on Wednesday, citing its sources. According to the Moscow daily, the company informed its employees during a general meeting and will officially announce the decision soon. IKEA has not addressed plans for its outlets …
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Starlink, a firm owned and operated by Elon Musk’s SpaceX, has been granted an operators license in Ukraine to provide an internet service, according to the country’s Minister of Digital Transformation Mykhailo Fedorov. “The company has just been added to the Register of Providers of Electronic Communications Networks and Services,” …
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US software giant Microsoft said on Wednesday it was making substantial cuts to its business in Russia, joining the latest exodus of international businesses from the country amid Moscow’s ongoing military operation in Ukraine. “As a result of the changes to the economic outlook and the impact on our business …
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Two people have been injured following a large blaze at the Grand Setun Plaza office building in Moscow on Friday morning. Emergency services are on site but it is thought that 15 to 20 people may still be trapped inside, according to multiple sources. 125 people have been rescued from …
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