Source link The US president has targeted 319 companies and citizens from the Asian nation, more than any other administration The White House has blacklisted more Chinese entities and individuals under Joe Biden’s administration than it did during Donald Trump’s presidency, as the long-running trade spat between the two nations continues to escalate, Bloomberg reported […]
Source link Moscow has introduced tight requirements for companies wishing to divest, ensuring local buyers receive major discounts on businesses that are leaving Western companies that have left the Russian market amid sanctions have suffered billions in write-downs and lost revenue, Reuters reported on Thursday, citing calculations based on company filings and statements. The US […]
Source link India has eased restrictions on foreign direct investment (FDI) in its space sector, in a bid to attract global players and expand critical capabilities, the government said on Wednesday. Previously, FDI for satellite operations was only permitted with specific government approval. Under the amended policy, New Delhi is allowing up to 100% investment […]
Source link Only a fifth of the large American and European businesses operating in the country have pulled out, according to Deputy Prime Minister Denis Manturov Only about 20% of the large companies from Europe and 16% from the US have left Russia in light of Western sanctions pressure, Russian Deputy Prime Minister Denis Manturov […]
Source link The bloc’s 13th package of economic restrictions on Moscow will reportedly impact Chinese and Indian companies for the first time Beijing rejects “illegal sanctions” and will defend the interests of its companies, the Chinese Foreign Ministry has said following a report that the EU could blacklist some of the country’s firms for allegedly […]
Source link Companies from the bloc’s major trading partners could face curbs over links with Russia, the paper said The EU is seeking to include restrictions against Chinese and Indian companies in a 13th sanctions package against Russia over the Ukraine conflict, to be unveiled later this month, the Financial Times has reported. Two dozen […]
Source link The bloc’s environment leader has suggested that money raised from the levy could fund more aid to Ukraine European Commissioner Virginjus Sinkevicius has proposed raising more money for Ukraine by imposing a special tax on Western firms that refuse to cut ties with Russia. “We still have companies that don’t care and remain […]
Source link The move reportedly follows the latest US sanctions banning countries from buying LNG produced by the plant Foreign shareholders in Russia’s new liquefied natural gas (LNG) plant, Arctic LNG 2, have halted participation in the project amid US sanctions, Kommersant business daily reported on Monday, citing sources within the Russian government. According to […]
Source link Moscow has ensured that local buyers get massive discounts when these companies sell their Russian assets Efforts by Ukraine and its Western backers to convince, shame, and sanction companies into leaving the Russian market have backfired, placing lucrative enterprises in Russian hands at discount prices and pumping more than a billion dollars worth […]
Source link Reverse engineering products and improving their designs is the way to enhance international competitiveness, Aleksandr Shokhin said It is not sufficient for Russia to simply reverse engineer the products of foreign firms which have fled the market amid the confrontation with the West, Aleksandr Shokhin, the head of the Russian Union of Industrialists […]
Source link Businesses have either found new suppliers in ‘friendly’ foreign markets or at home The majority of Russian companies have adapted to operating under sanctions, business daily Kommersant reported on Tuesday, citing a survey. According to the Russian Union of Industrialists and Entrepreneurs (RSPP), most firms have successfully replaced Western suppliers with domestic manufacturers […]