Foreign manufacturers that produce processors for Russia according to the documentation provided by the country refused to fulfill orders in 2022, as well as supply already manufactured products, Voice of America reports. This year, according to the head of the Ministry of Digital Development Maksut Shadayev, 15 thousand PCs were produced ...
The consulting company NF Group (ex-Knight Frank Russia) has calculated the number of international brands operating in Russia. The study included 152 foreign retailers that continued to operate as part of shopping centers in 2022, according to CRE. The leaders in terms of the number of brands represented in Russia are…
On November 11, the Ministry of Foreign Affairs of the Russian Federation published a list of persons who are now banned from entering Russia. And then everyone rushed there. “In response to the ever-increasing personal sanctions imposed by the administration of US President Joe Biden, not only against Russian officials ...
The Internal Revenue Service (IRS) said that one of its divisions is called upon to fight crime. Among other things, it monitors financial crimes and tracks down the expensive property of the Russian elite, which is under sanctions. In the current fiscal year, the division has identified more than $32 billion for a possible…
A sudden and unexpected surge in European exports of washing machines, refrigerators and even electric breast pumps to Russia's neighbors has officials fearing a trade boom could help Putin's war machine in Ukraine, Bloomberg reported. According to data compiled by Bloomberg from the EU Eurostat database,…
Five Russian citizens have been charged with evading global sanctions, money laundering and transferring military technology to American companies in Russia. This was reported on the website of the US Department of Justice. The defendants obtained military technology from American companies, smuggled millions of barrels of oil and…
Since Russia annexed Crimea in 2014, U.S. companies have been barred from doing business with Moscow Machine-Building Plant (MMZ) Avangard, a state-owned firm that makes missiles for one of Russia’s most advanced weapons, the S-400 air defense system. But as it turns out...
The US authorities have charged Oleg Deripaska, one of the richest Russian businessmen, with violating sanctions. According to the accusations, he hired three women who provided services to him in the United States. And one of them even bore him two children in the States. It…
PepsiCo Inc (PEP.O) has stopped production of Pepsi, 7UP and Mountain Dew in Russia almost six months after the US company said it would suspend sales and production, Reuters reported. The Pepsi announcement came after Reuters visited dozens of…
The US Treasury Department's Office of Foreign Assets Control (OFAC) listed 22 individuals and 2 entities. Among them are those who assisted the government of the Russian Federation (GoR) in Ukraine both before and during the Russian invasion…