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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France has announced a takeover bid to gain full control of the country’s largest utility, EDF. The government has made an offer of €9.7 billion ($9.9 billion) to nationalize electricity provider EDF, the country’s Ministry of Economy and Finance said on Tuesday. The state already owns 84% of the company’s …
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The German government is reportedly planning to provide a loan of €10 billion ($10.4 billion) to rescue the local unit of Russia’s state-owned energy giant Gazprom, which was seized by the country’s energy regulator in April, Bloomberg reports. On Tuesday, the government said in an emailed statement that state-owned bank …
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The nationalization of assets belonging to foreign companies that quit Russia is not on the table, the country’s top senator said on Wednesday. Speaking before Parliament, Valentina Matvienko commented on reported plans in Germany to nationalize energy companies. “We don’t want to turn into raiders, like our opponents do. Nationalizing …
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The Russian government has suspended work on the recently proposed bill to nationalize foreign firms that have chosen to end their operations in the country amid Ukraine-related Western sanctions, Izvestia newspaper reported on Monday, citing sources. Last month, a government commission on legislative activity approved a draft law, which would …
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The UK is preparing to temporarily nationalize Gazprom’s British retail supply arm, Bloomberg reported on Monday. The measure is taken to ensure distressed companies continue energy supplies to customers amid losses due to higher energy costs. Gazprom Marketing & Trading Retail Ltd is a prime candidate to be taken into …
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The KPRF deputies of the legislative Assembly of Sverdlovsk region offered a number of additional measures, aimed at combating the economic crisis and the impact of the pandemic coronavirus COVID-19. On behalf of the parliamentary Communists on passing April 9 meeting of the legislative Assembly by Alexander Ladygin. He in …
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“Parliament”, “LC” considered and adopted in first reading the draft on making amendments in the “law”. The “LC” can be nationalized a number of enterprises, including those belonging to the businessman Rinat Akhmetov. About this stated the head of “Republic” Igor Plotnitsky. It is reported that the “Parliament”, “LC” considered …
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