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BELAVIA AIRLINES MIGHT FACE BANKRUPTCY DUE TO THE EU SANCTIONS

The RyanAir airliner, which made an emergency landing in Minsk on May 23, may become the reason for the bankruptcy of the national air carrier of the Republic of Belarus. A significant number of experts come to this conclusion, commenting on the sanctions of the authorities of European countries. The EU summit that took place may be crucial for the national airline. The ban of Belavia on crossing the airspace of the EU countries threatens to actually cut off the company not only from flights to Europe, but also to other countries,...

Bankruptcy of Nord Stream 2 AG suspended until autumn

... that the company filed a claim with the court with a request to temporarily stop the company's arbitration litigation with the European Union that arose around the gas directive and its application in early March 2022. June court hearings were cancelled.... ... decision of the German authorities on February 22 to completely stop certification, and on February 23 it became known about sanctions against the company imposed by the United States.

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

... 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 by the EU countries may provoke the European authorities to even sharper discussions related to boycotting the purchase of energy resources in the Russian Federation. A similar opinion was expressed by Ursula von der Leyen, calling such proposals blackmail. Payment in rubles would be a ...

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...

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