ECB pressure on European banks to exit Russia intensifies
Andrea Enria, who leads the supervisory board of the European Central Bank, has urged European banks operating in Russia to withdraw from the…
US Treasury Expands Sanctions Tied to Wagner PMC and Prigozhin Networks
The United States Treasury Department announced new sanctions targeting a Russian entity named Andrey Ivanov, a company registered in Russia,…
Central Bank Watch: Inflation Trends and the Possible Rate Move
The vice president of the Central Bank of Russia, Alexei Zabotkin, spoke to reporters in Vladivostok about the possibility of an interest rate…
EU Examines Boosting Ukrainian Gas Storage as Europe Ramps Up Reserves
The European Union is weighing a plan to boost natural gas supplies for storage in Ukraine, prompted by the current strength of European gas…
“Russian budget deficit sparks talk of one off profits levy”
A Russian official outlined the potential for a new tax on excess profits should the economy face a large budget deficit. In a recent…
Rewriting security crisis surrounding Wagner PMC and its impact on exports
The Russian events surrounding Yevgeny Prigozhin and the Wagner PMC affected a number of international trade ties, with early reports noting…
Russia’s Oil Share in India Climbs as Price Gaps Drive Trade
In May 2023, Russian crude accounted for a record share of Indian imports, reaching 46 percent according to data tracked by analytics firm…
LDPR Tax Proposal Seeks VAT Exemption on Donated Expired Food
The State Duma has proposed changes to the Tax Code that would remove VAT on expired products donated to charities by retail chains. A report…
Expanded frequency relief for remote regions aligns with Russia’s broader telecom modernization
Telecom operators may receive relief from frequency payments in regions where they extend coverage to hard‑to‑reach and sparsely populated…
Europe’s Stability Debate: Energy, Germany and the southern economies
Europe often discusses its economic stability, yet much of the analysis hinges on the fortunes of the southern part of the continent, where…