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Rostov restaurant chain "Eat and drink" no longer exists

A popular catering chain in Rostov-on-Don was liquidated by the decision of its owner. Business founder Vadim Kalinich announced the loss of prospects for developing the restaurant format. He believes that such a model of entrepreneurial activity, including the creation and sale of products, is archaic in the current conditions. The restaurant chain he created a decade and a half ago has stopped working since January 2022. The firm operated the “Antorekot” and “Apron” restaurants and others, many...

YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

Yandex" made a decision to liquidate the Internet service "Yandex.Investments" created for financial management. The reason is the fact that VTB Bank, a former partner in dealing with securities, fell under strict foreign sanctions. The inability to trade assets of foreign companies led to an inevitable outcome. According to Interfax, platform users will be allowed to buy shares and other securities and replenish their accounts until April 11. After that, the service ...

Do Poland and the Baltic States threaten Kaliningrad region with a blockade?

... strengthening ferry traffic and hoping that they will not have to switch cargo transportation to air traffic. At the same time, the region, which is geographically isolated from the rest of the Russian Federation, is going through hard times due to sanctions. Problems with operating Russian transport on the border with Lithuania have been periodically arising for more than a month. The Lithuanian authorities are well aware of the difficulties with closing the borders, requiring the intervention ...

Which countries agreed to pay for Russian gas in rubles?

The announcement on the transition to rubles payment for Russian natural gas, made on March 23 by the President of the Russian Federation seriously stirred up the financial markets and governments of a number of countries. At the same time, the Russian departments were instructed to accept everything necessary for this by March 31 - thereby changing the already concluded contracts, but maintaining the volume of fuel supplied and the price level. As a result, a special procedure for the fulfillment...

OBI chain has no plans to resume work in Russia in the nearest future

The leadership of a German company that manages a chain of stores for construction in Russia had to refute the statement of one of the top managers. On March 29, 2022, speaking at the Moscow DIY forum, the head of the purchasing department Maxim Suravegin said that the network would resume work in the Russian Federation immediately after the elimination of the technical failure. In particular, he talked about retail outlets in the Russian capitals (Moscow and St. Petersburg), which will take several...

NFIA Analytics: Russian business is losing liquidity

... agreements for office space. About 15% of businessmen reported the transfer of staff to remote work. As Kommersant notes, Russian business is currently realizing the true scale of the consequences caused by the events on the territory of Ukraine. The sanctions imposed by the developed world economies are forcing the Russian government to take an increasingly consolidated approach to the use of government support measures for business. According to Elena Dybova, who spoke during the round table in ...

Russian air cargo carriers may go bankrupt

... heavy transport liner ended up in airspace closed to Russian aircraft. Canada, the United States and European countries were the main markets where Russian carriers flew. Not only aircraft, but also the cargo they delivered to Russia fell under the sanctions. Among them, there are equipment for energetics, space exploration, development of shipbuilding. Experts note that Southeast Asia, the countries of which have not imposed sanctions against Russia, could become a survival option for cargo carriers....

Nord Stream II preparing for bankruptcy

The operator of the Nord Stream 2 project is about to declare bankruptcy in a few days. The company was in a state of collapse against the backdrop of Western sanctions and a Russian special operation that unfolded on the territory of Ukraine. It is reported that the application will be submitted to the Swiss court of Zug, which is competent to consider this issue. An application to the document should be ...

Russia's plans to sell gas for rubles did not suit buyers

... the country's authorities had not yet discussed decisions to pay for Russian gas in rubles. At the same time, the expert expressed the opinion that paying for the energy resource in the Russian national currency would be an attempt to circumvent the sanctions imposed on the country. Klaus Ernst, head of the relevant committee in the German Bundestag, said that it is technically impossible to pay for Russian hydrocarbons in rubles. Moreover, such a circumvention of the sanctions imposed on Russia ...

Russian authorities promise to support IT amid the flight of specialists abroad

... short term. According to the head of the RAEC Sergey Plugotarenko, up to 70 thousand people have already left the country. Many who intend to leave Russia are currently being held back by the high cost of transport, the problem of bank payments due to sanctions and the search for housing. However, these circumstances are temporary. Already in April, the situation may cause another wave of migration of IT specialists. At a meeting in the profile committee of the State Duma, where representatives of ...

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