The EU has proposed a new way to finance aid to Ukraine. EU Commissioner for Environmental Affairs Virginijus Sinkevičius suggests that the EU should additionally tax Western companies doing business in Russia to help Ukraine. He said that it is essential t... #EUfinancialAid #RussianAssets #RussianCentralBank #UkraineFacility #VirginijusSinkevičius #WesternCompaniesInRussia
The EU will pay compensation to companies whose assets were nationalized by Russia. Russian authorities have confiscated business assets belonging to Western companies that decided to leave the country, leaving them no alternative but to abandon their investment. The leaders of the E... #NationalizationRussia #RussianAssetsArrested #SanctionsAgainstRussia #WesternCompaniesInRussia
Russia has blocked repatriating $18B in dividends from Western companies. Companies could not withdraw approximately $18B by the end of 2022, writes the FT. “Tens of billions of dollars are stuck in Russia. And there is no way to get them out,” the general direc... #Dividends #ForeignCompanies #RussianMarket #WesternCompaniesInRussia
Yale University has named the companies that are still working in Russia. Yale University professor Jeff Sonnenfeld and his team investigated large companies that are still working in Russia despite their promise to leave the market. Among them were such well-known companie... #JeffSonnenfeld #RussianMarket #SanctionsAgainstRussia #WesternCompaniesInRussia #YaleUniversity
Russia demands a 10% kickback and 50% discount from Western companies upon exiting its market. The Ministry of Finance of Russia has established four criteria for selling Russian assets by Western companies from so-called unfriendly countries. One of them is a percentage of the deal amount, sou... #RussianMarket #WesternCompaniesInRussia
