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Did not leave Russia: which foreign companies decided not to leave the market

Sanctions announced by various countries against the backdrop of a special military operation carried out by the Russian authorities forced many commercial organizations to leave the Russian market. However, not all well-known brands have made a decision ...

American Meta is recognized as extremist organization: what does this mean?

... Administrative Offenses of the Russian Federation. The verdict adopted by the court may also affect the stock market. It's not a secret that many people acquired shares of the company. Legally, this may mean that the persons have become its co-owners. What sanctions will be imposed on such citizens is unclear, given the unprecedented case in the history of Russian justice, which recognized a commercial company to be extremist for the first time. We should remind our readers that the reason for the prosecutor's ...

Moscow mortgage monthly payments reached 177 thousand roubles

Moscow real estate market is experiencing a period of increased turbulence. And while many developers are ending support for mortgage subsidy programs that have become popular during the pandemic, bank lending rates continue to rise. According to the analytical data, basic mortgage loans almost never fall below 20% per annum, and the purchase of one-room metropolitan housing may require a monthly payment of 177 thousand rubles. According to RBC Real Estate, Alfa-Bank is the leader among the top...

Six-month bankruptcy moratorium will be introduced in Russia

Russian government is developing plans on how to support the country's economy in the current geopolitical circumstances. One of the measures in connection with the imposed sanctions may be a temporary ban on creditors to initiate bankruptcy cases. According to Izvestia, the moratorium may last up to six months. In the non-final version of the plan, developed by the executive branch and received by media outlet, we are ...

Will the Western corporations that have left Russia be driven to bankruptcy?

Against the background of the mass exodus of foreign companies from Russia, the country's authorities continue to announce measures that can be taken. One of such measures discussed in a number of media may be the bankruptcy of companies within 3 to 6 months. Finance Minister Anton Siluanov called such a bankruptcy mechanism accelerated. In an interview with a Russian state television channel, the finance minister said that the country is not interested in foreign business leaving Russia. This...

RUSSIAN SUBSIDIARY OF JOHNSON&JOHNSON TRYING TO GET 580 MILLION FROM BIOTECH

... by its subsidiary, continues to operate on the market. Unlike other foreign pharmaceutical giants (Bayer, Pfizer), the company announced its intention to continue working on the territory of the Russian Federation and Ukraine, despite the economic sanctions from a number of countries. According to the statement of the company's chief financial officer Joe Volk, the healthcare sector should become an exception in the stream of sanctions. In the sales volume of JNJ, the market of Russia and Ukraine ...

Refusal to work with sanctioned companies may result in a criminal case

“United Russia" took the initiative to develop a new bill. The document should provide for responsibility for calls to refuse cooperation with Russian companies that have fallen under sanctions. The idea was voiced by the Secretary of the General Council of the party Andrei Turchak, his words are given on the official website of the press service of the “United Russia” . According to the official, indirect evidence of support for ...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

The rapid rise in energy prices has jeopardized the work of companies in Germany. However, the problem does not only concern gas stations and the transport sector. According to local experts, existing taxes on electricity and the protracted reform of the public transport fare system could lead to bankruptcy of significant number of entrepreneurs. According to the NEOPresse media, gasoline prices have already exceeded € 2 per liter at gas stations in Germany. The cost of gas also doubled. This...

Head of the IMF admitted the possibility of default in Russia

According to IMF Managing Director Kristalina Georgieva, a default may soon occur in Russia. The reason for this may be the sanctions imposed on the country against the backdrop of events in Ukraine. However, Georgieva stressed out that she had no intention of speculating on this topic. Earlier, the International Monetary Fund approved the provision of $1.4 billion to Ukraine....

How the state will help Russians: taxes, roads and employment

The State Duma will consider a number of amendments to the legislation aimed at the support of the citizens and businesses in the new reality. Information about this was published by parliamentarian Vyacheslav Volodin. Previously, relevant initiatives were proposed by the Government. Amendments to the tax legislation are expected. If all of them are accepted, the citizens of the country will stop paying income tax on bank interest on deposits for this and last year (the tax on interest on deposits...

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