Tag: Trade sanction
Expropriation and withdrawal of visas for oligarchs
Mikhail Fridman Alfa-Bank founder (left) owes his wealth to deals under the State-Owned Enterprise Loan program with the Russian government. (Photo: imago images/ITAR-TASS) It can hardly be surpassed in terms…
Russia would be 59 times more affected by a trade freeze than the West
50 years of containers – DUSS Terminal Frankfurt/Main-Ost ARCHIVE – View of the premises of the DUSS (German transhipment company rail – road) – transhipment terminal Frankfurt/Main-Ost, taken on 08/19/2015…
Russia expects new negotiations on Thursday
Destroyed houses in Irpin near Kyiv Apparently civilian buildings in Ukraine were also attacked on Wednesday. (Photo: Reuters) Dusseldorf So far, the capital Kyiv has been spared major fighting during…
Mercedes-Benz stops sales and production in Russia
Vladimir Putin, among others with Dieter Zetsche and Peter Altmaier Production in Russia was only ramped up in 2019 with a lot of effort. (Photo: Reuters) Munich After BMW and…
Oligarch Abramovich is apparently looking for buyers
Roman Abramovich The oligarch is reportedly asking for £4bn for Chelsea. (Photo: Corbis Sport/Getty Images) London The Russian oligarch Roman Abramovich apparently wants to sell his property in England –…
Wintershall stops projects in Russia – Nord Stream 2 written off
Gas production by Wintershall In the Achimgaz joint venture, Wintershall and Gazprom produce natural gas in western Siberia. The BASF subsidiary wants to stay on site, but reduce activities. (Photo:…
These companies are shutting down their business with Russia
Dusseldorf The sanctions against Russia because of the Ukraine war have far-reaching economic consequences. Numerous companies have restricted their business in Russia, put it on hold or are withdrawing. This…
Russian oil finds no buyers – sanctions are working
Energy from Russia Buyers around the world are currently trying to buy oil from other countries. (Photo: Reuters) Dusseldorf The war in Ukraine, which Russia is waging with increasing severity,…
China miscalculates in the Ukraine crisis
Putin and Xi Beijing presents itself as a neutral mediator in the Ukraine conflict, but is on Moscow’s side. (Photo: dpa) China is squirming. Every day the state leadership tries…
Wintershall stops projects in Russia – Nord Stream 2 written off
Gas production by Wintershall In the Achimgaz joint venture, Wintershall and Gazprom produce natural gas in western Siberia. The BASF subsidiary wants to stay on site, but reduce activities. (Photo:…
More and more companies are fleeing Russia
Dusseldorf After the Russian invasion of Ukraine, more and more Western companies are withdrawing from Russia. After 165 years in Russia, Siemens Energy stopped doing new business with the country.…
Russia and Ukraine want to talk again
Firefighters extinguish a fire at Kharkiv National University Russian soldiers are said to have also attacked a military medical center in the country’s second largest city. (Photo: Reuters) Dusseldorf So…
How an expert assesses China’s strategy in the Ukraine war
Vladimir Putin and Xi Jinping met in Beijing in February Putin is acting under time pressure, but China can afford staying power, says China expert Heilmann. (Photo: AP) Beijing Sebastian…
What would a total departure mean?
German and Russian flag “De-bundling from the Russian economy would be painful for a few sectors, but would cost little overall prosperity in the long term.” Berlin Are economic relations…
How an expert assesses China’s strategy in the Ukraine war
Vladimir Putin and Xi Jinping met in Beijing in February Putin is acting under time pressure, but China can afford staying power, says China expert Heilmann. (Photo: AP) Beijing Sebastian…
Ukraine War Drives Food Prices – Tight Reserves
Dusseldorf The war in Ukraine is driving the prices of essential foodstuffs to new highs worldwide. On the Paris futures exchange Matix, wheat futures exceeded the important mark of 350…
What would a total departure mean?
German and Russian flag “De-bundling from the Russian economy would be painful for a few sectors, but would cost little overall prosperity in the long term.” Berlin Are economic relations…
Sanctions against seven Russian banks
The logo of the Russian VTB Bank The EU has excluded a total of seven banks from the Swift global payment system. (Photo: Bloomberg) Brussels, Frankfurt The EU officially issued…
China’s tech companies are stuck in a sanctions dilemma in Russia
Asia Technonomics In the weekly column we take turns writing about innovation and economic trends in Asia. (Photo: Klawe Rzeczy) The Chinese online retailer Alibaba had actually planned an IPO…
“Get out while you’re still alive!”
Resistance in Berdyansk Images show civilians resisting the invasion. (Photo: Leonid Z./ @PVB40 / @gruppa_voina) Berlin For a moment it is unclear whether the situation will escalate. There are Russian…