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THE EUROPEAN UNION WILL NOT RECOGNIZE THE ANTI-SEARCH BANS OF RUSSIAN COURTS

The European Union has banned the recognition and enforcement in the European Union of decisions rendered by Russian courts on claims related to EU companies in Russia. This statement was made as part of the 15th package of anti-Russian sanctions. As specified, the decision of the European Union on the positions of Russian courts "should protect" organizations in disputes with companies from the Russian Federation. According to representatives of the European Union, decisions ...

OVER 100 BILLION WERE RECOVERED FROM GERMAN LINDE IN THE CASE OF RUSKHIMALLIANCE

... natural gas processing plant as part of an ethane-containing gas processing complex in the Leningrad Region. But in the spring of 2022, the head of Linde announced that the company was stopping any work on the territory of the Russian Federation due to sanctions. Ruskhimalliance broke the deal and filed a lawsuit. Arbitration at the end of 2022 seized Linde assets worth 35 billion.

MBANK HAS SUSPENDED TRANSFERS THROUGH RUSSIAN BANKS

... institutions for an indefinite period. Payments are not available in both directions. According to RBC, transfers have been suspended, including for Sberbank, T-Bank and MTS Bank. Incoming payments will be made through credit institutions that are not under sanctions. In total, 21 commercial banks and more than 300 of their branches operate in Kyrgyzstan today.

THE FINNISH ARENA OWNED BY RUSSIANS MAY BE BANKRUPT DUE TO SANCTIONS

The company managing the Helsinki Hall arena in the Finnish capital may be declared bankrupt. The organization turned out to be insolvent due to sanctions, since it cannot pay the payments made to it by the city authorities and public utilities. The sports and concert venue began its work in the spring of 1997. According to TASS, it is the largest indoor arena in the country. During the hockey ...

ESTONIA HAS IMPOSED A BAN ON THE ENTRY OF CARS WITH RUSSIAN LICENSE PLATES

... When the owner of such a car arrives at the border, he will be offered to continue his journey without a vehicle or to return back. Estonian Foreign Minister Margus Tsakhkna noted that such an innovation works within the interests of the country, its sanctions policy and positions. He said that on September 14 he plans to discuss what to do with the cars that are already in the country. Latvia and Lithuania have previously imposed similar sanctions. At the same time, the Russians' cars have already ...

LITHUANIAN TRADER INTER RAO CONTINUED BANKRUPTCY

The court in Vilnius resumed the out-of-court bankruptcy of Inter RAO Lietuva. It was initiated on June 30 by a group of creditors. The reason was the freezing of banking operations first, and then the securities of the company that fell under sanctions. Through the Warsaw Stock Exchange, the organization announced that the period during which creditors can present their claims to the company has been extended until August 11. The impossibility for a trader to make financial calculations ...

MEGAFON RISKS BECOMING BANKRUPT DUE TO SANCTIONS AGAINST ALISHER USMANOV

The founder of the USM holding, Alisher Usmanov, whose main assets are Megafon and Metalloinvest, has been trying to challenge the personal sanctions imposed on him in the European Court since May. In a statement to the EU, he points to the possible bankruptcy of the main companies of the holding, including Udokan Copper. Financial losses, according to Usmanov, can turn out to be "irreparable ...

EXPERTS PREDICT MASS LIQUIDATION OF DRIVING SCHOOLS IN RUSSIA

The increase in the cost of motor transport in Russia that has occurred since March 2022 may lead to the closure of a significant part of schools for novice motorists. This forecast was made by the head of the Board of the Union of Driving Schools Alexander Achkasov. According to the expert, schools will not be able to buy new cars, which means that there will simply be nothing to train students on. In his interview on the radio station "Moscow Speaks", the head of the Union of Driving...

Russian authorities figured out how to pay for foreign films and music

With the start of a special military operation and the imposition of sanctions against the Russian financial system by ‘unfriendly’ states (in particular, in connection with the withdrawal of Visa and Mastercard from the country), many organizations and individuals have lost the opportunity to pay to the foreign copyright ...

Croatia’s largest shipyard goes bankrupt due to sanctions against VTB

... financed the project for €30 million, while the total cost of the work was estimated at €150 million. Therefore, the company's management expected €120 million from a Russian credit institution. In April 2022, the situation was complicated by the EU sanctions against VTB, which were joined by the Croatian authorities. By this time, two ships were already being built on the stocks of the shipyard. At the same time, the company did not manage to receive the entire amount of the loan from VTB, having ...

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