Tag Archives: Russia

The American fast-food chain McDonald’s has decided to completely withdraw from the Russian market, and has started selling its assets across the country, the company announced in a press release on Monday. “After more than 30 years of operation in the country, McDonald’s Corporation announced its withdrawal from the Russian …

In an attempt to escape hefty write-downs on operations in Russia due to their exit from the sanction-hit country, UniCredit and Citigroup are exploring the possibility of swapping assets with Russian banks, FT reports, citing people with knowledge of the matter. The plan comes amid a mass exodus of foreign …

Electricity supplies from Russia to Finland were halted on Saturday, RAO Nordic said in a statement, explaining that it had received no payment for power provided to the country in May. “Unfortunately, we are forced to note that for the volumes which have been sold on the Nord Pool exchange …

Helsinki would strengthen NATO and bring a lot of “added value” to the US-led military alliance, claimed Finnish Minister for European Affairs and Ownership Steering, Tytti Tuppurainen, in an interview with Sky News on Saturday. Finland’s push for NATO membership, which has been reinvigorated amid the Ukrainian crisis, is “about …

Russia’s oil export revenue has jumped some 50% since the beginning of 2022, Bloomberg reports, citing data from the International Energy Agency (IEA). According to the agency’s monthly market report, Moscow has earned some $20 billion each month this year from sales of crude oil and oil-related products. The earnings …

The move by Finland and Sweden to join NATO won’t be left without a Russian response, but it’s premature to talk about it including relocation of nuclear weapons closer to the two Nordic countries, Russia’s deputy foreign minister Alexander Glushko has said. “It’s too early to speak about this,” Glushko …

A recent survey has revealed that a majority of Chinese citizens hold a favorable view of Russia, while most respondents named the US as the least positively perceived out of a list of 25 countries. The online survey was conducted by the Central European Institute of Asian Studies think tank …

Claims by high-ranking officials that the Russian economy is crashing are completely inaccurate, according to former Austrian foreign minister Karin Kneissl, who spoke to RT about the global crisis. She explained that the Russian economy is an important part of the global economy, especially though not exclusively due to its …

Moscow has reversed its stance on Ukraine’s bid to join the European Union because the once purely economic organization has become a purveyor of hostile policies with a global outreach, Russian Foreign Minister Sergey Lavrov said on Friday. He was explaining why Russia, which had previously been amenable to the …

Finland, which is preparing a formal application to join NATO, doesn’t see any “direct military threats” from Russia at the moment, the Nordic nation’s ambassador to the US-led military alliance has said. Helsinki only expects potential “cyber harassment” or “disinformation campaigns” from Moscow, Klaus Korhonen told CNN on Thursday. However, …