Russia News

Russia’s Beer Producers Protest Booze Clampdown During FIFA World Cup

2 weeks ago kakp2 0
Russia’s beer producers have reportedly sent letters to local and federal officials urging them not to restrict the sale of alcohol during the 2018 World Cup. Regional authorities are pushing to restrict the sale and consumption of beer during the international football tournament, which takes place in 11 Russian host cities from June 14 until Read More

Ruble Weakens Ahead of Putin’s Inauguration

2 weeks ago kakp2 0
The Russian ruble weakened in early trade on Monday ahead of Vladimir Putin’s inauguration for a six-year presidential term that will be followed by the appointment of a new government later this week. The configuration of the new government is one of the key uncertainties that still hang over the market. Whoever Putin’s protege for the Read More

Dutch Firms Scrutinized for Allegedly Supplying Parts for Crimea’s Kerch Bridge

2 weeks ago kakp2 Comments Off on Dutch Firms Scrutinized for Allegedly Supplying Parts for Crimea’s Kerch Bridge
Prosecutors in the Netherlands said Friday they have opened a criminal investigation into seven Dutch companies and their directors for allegedly breaching European Union sanctions against Moscow, by helping Russia build a bridge to Crimea. The companies involved are alleged to have supplied machines, machine parts and other services for the construction of the 19-kilometer long bridge Read More

Ukraine to Replicate U.S. Sanctions on Russian Individuals

2 weeks ago kakp2 Comments Off on Ukraine to Replicate U.S. Sanctions on Russian Individuals
Ukraine has decided to expand sanctions on Russian companies and entities to mirror those of the United States, which has blacklisted tycoons and allies of Russia’s Vladimir Putin, Ukrainian President Petro Poroshenko said on Wednesday. Kiev has also extended existing sanctions it introduced against hundreds of Russian companies and entities in response to the annexation Read More

Investors Given Extra Month to Divest of Russia’s Sanctions-hit Rusal

3 weeks ago kakp2 Comments Off on Investors Given Extra Month to Divest of Russia’s Sanctions-hit Rusal
The U.S. Treasury on Tuesday gave investors an additional month to divest or transfer their holdings in sanctions targets United Company Rusal Plc, En+ Group Plc and GAZ Group. Washington last month imposed sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ and GAZ, in Read More

Russia’s Medvedev Says He Backs Criminalizing Observance of U.S. Sanctions

3 weeks ago kakp2 Comments Off on Russia’s Medvedev Says He Backs Criminalizing Observance of U.S. Sanctions
Russian Prime Minister Dmitry Medvedev backs the idea of making it a criminal offense for Russians to observe sanctions imposed by the United States, Medvedev said in an interview broadcast on Saturday on state TV channel Rossia 1. Washington imposed sweeping sanctions on some of Russia’s biggest companies and businessmen on April 6, striking at allies of Read More

Russia’s Rusal to Quit Global Market if Sanctions Remain After Board Shake-up

3 weeks ago kakp2 Comments Off on Russia’s Rusal to Quit Global Market if Sanctions Remain After Board Shake-up
Russia’s Rusal will be forced to quit the global aluminum market and focus on domestic consumers if the United States does not lift sanctions once an independent board is in place, a source familiar with the matter said. Washington this month imposed sanctions on billionaire Oleg Deripaska and several companies in which he is a Read More

Russian Tech Firms Rebuke Regulator Over Telegram Ban

3 weeks ago kakp2 Comments Off on Russian Tech Firms Rebuke Regulator Over Telegram Ban
Pixabay / MT Russian tech firms swept up in the state regulator’s campaign to block the Telegram messaging service have voiced concerns and taken steps toward keeping the app accessible. State media watchdog Roskomnadzor has blocked almost 18 million IP addresses since April 16 in an attempt to force Telegram out of Russia, disrupting countless Read More

McDonald’s Russia Turns to Homegrown Fries Amid Ruble Volatility

3 weeks ago kakp2 Comments Off on McDonald’s Russia Turns to Homegrown Fries Amid Ruble Volatility
French fries at McDonald’s restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food chain turns to homegrown potatoes to deal with ruble volatility caused by fluctuating oil prices and Western sanctions. McDonald’s Corp, which opened in Russia in 1990 as the Soviet Union collapsed, has been gradually turning to Read More