eusanctions
The largest Western banks that continue to operate in Russia have paid 800 million euros ($857 million) in taxes to its budget in 2023, which is four times more than before Moscow's full-scale invasion of Ukraine, the Financial Times (FT) reported on April 29, citing its analysis. In the immediate aftermath of Russia's full-scale invasion of Ukraine in 2022, Russia's banks – increasingly isolated from the global economy and laden with heavy Western sanctions – saw profits fall by 90% compared to 2021. Despite this, the Russian banking industry is once again thriving. Russia's state-owned Sberb...
Kyiv Independent (CA)
The largest Western banks that continue to operate in Russia have paid 800 million euros ($857 million) in taxes to its budget in 2023, which is four times more than before Moscow's full-scale invasion of Ukraine, the Financial Times (FT) reported on April 29, citing its analysis. In the immediate aftermath of Russia's full-scale invasion of Ukraine in 2022, Russia's banks – increasingly isolated from the global economy and laden with heavy Western sanctions – saw profits fall by 90% compared to 2021. Despite this, the Russian banking industry is once again thriving. Russia's state-owned Sberb...
Kyiv Independent
The largest Western banks that continue to operate in Russia have paid 800 million euros ($857 million) in taxes to its budget in 2023, which is four times more than before Moscow's full-scale invasion of Ukraine, the Financial Times (FT) reported on April 29, citing its analysis. In the immediate aftermath of Russia's full-scale invasion of Ukraine in 2022, Russia's banks – increasingly isolated from the global economy and laden with heavy Western sanctions – saw profits fall by 90% compared to 2021. Despite this, the Russian banking industry is once again thriving. Russia's state-owned Sberb...
Kyiv Independent (UK)
Raiffeisen Bank in Austria announced its decision on April 16 to replace job advertisements that featured "misleading language," suggesting an expansion of the bank's operations in Russia. The move followed the Financial Times' report, which found dozens of postings for Russia-based jobs, touting the bank's growth plans in the country. One of the job postings, issued by the bank’s unit for medium-sized businesses in Russia, said its "key goals are a multiple expansion of the active client base and stable double-digit income growth." In a statement provided to AFP, Raiffeisen Bank International...
Kyiv Independent (UK)
Raiffeisen Bank in Austria announced its decision on April 16 to replace job advertisements that featured "misleading language," suggesting an expansion of the bank's operations in Russia. The move followed the Financial Times' report, which found dozens of postings for Russia-based jobs, touting the bank's growth plans in the country. One of the job postings, issued by the bank’s unit for medium-sized businesses in Russia, said its "key goals are a multiple expansion of the active client base and stable double-digit income growth." In a statement provided to AFP, Raiffeisen Bank International...
Kyiv Independent
Raiffeisen Bank in Austria announced its decision on April 16 to replace job advertisements that featured "misleading language," suggesting an expansion of the bank's operations in Russia. The move followed the Financial Times' report, which found dozens of postings for Russia-based jobs, touting the bank's growth plans in the country. One of the job postings, issued by the bank’s unit for medium-sized businesses in Russia, said its "key goals are a multiple expansion of the active client base and stable double-digit income growth." In a statement provided to AFP, Raiffeisen Bank International...
Kyiv Independent (CA)
The EU Court of Justice ruled on April 10 to lift sanctions against Russian business tycoons Mikhail Fridman and Petr Aven, imposed in response to the Russian full-scale invasion of Ukraine. The ruling is a serious setback for the EU's efforts to punish business people involved in feeding Moscow's war of aggression. Fridman and Aven are some of the most high-profile Russian oligarchs to have their sanctions overturned. "The General Court upholds the requests of Petr Aven and Mikhail Fridman and annuls both the initial acts and the acts maintaining the lists of restrictive measures for the peri...
Kyiv Independent (CA)
The EU Court of Justice ruled on April 10 to lift sanctions against Russian business tycoons Mikhail Fridman and Petr Aven, imposed in response to the Russian full-scale invasion of Ukraine. The ruling is a serious setback for the EU's efforts to punish business people involved in feeding Moscow's war of aggression. Fridman and Aven are some of the most high-profile Russian oligarchs to have their sanctions overturned. "The General Court upholds the requests of Petr Aven and Mikhail Fridman and annuls both the initial acts and the acts maintaining the lists of restrictive measures for the peri...
Kyiv Independent (UK)
The EU Court of Justice ruled on April 10 to lift sanctions against Russian business tycoons Mikhail Fridman and Petr Aven, imposed in response to the Russian full-scale invasion of Ukraine. The ruling is a serious setback for the EU's efforts to punish business people involved in feeding Moscow's war of aggression. Fridman and Aven are some of the most high-profile Russian oligarchs to have their sanctions overturned. "The General Court upholds the requests of Petr Aven and Mikhail Fridman and annuls both the initial acts and the acts maintaining the lists of restrictive measures for the peri...
Kyiv Independent
The EU is readying its 14th package of sanctions against Russia, which should be adopted this spring, EU Trade Commissioner Valdis Dombrovskis said at a conference in Brussels on April 9. The European bloc has already adopted 13 packages in response to Russia's full-scale invasion of Ukraine, aiming to undermine Moscow's economic output and the ability to sustain the war. "We have started preparing a 14th sanctions package, which should be adopted in spring," Dombrovskis said at the "Standing with Ukraine: European Parliament's legacy for the sanctions regime" conference of the Progressive All...
Kyiv Independent (CA)
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