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Germany faces a wave of bankruptcies due to the refusal of Russian gas

The refusal of Russian gas could lead to a sharp increase in the number of bankruptcies in Germany. This will mostly affect small and medium-sized enterprises that do not have long-term contracts for the supply of natural gas. The attention to the problem was drawn ...

The number of offers for the sale of shopping centers has grown in Russia

... objects in both capitals and other large million-plus cities. Such a situation could have arisen due to a sharp drop in customers’ traffic due to the mass exodus of foreign brands. About 30-40% of tenants resorted to the suspension of their work in Russia. However, most often they continue to pay rent, but on different terms. The main method of calculating the rent used to be a percentage of sales. It means that the stores contributed the amount depending on the revenue they received for a particular ...

Russian billionaires lost $45.484 billion in 2022

The 23 richest residents of Russia, whose names are included in the Bloomberg Billionaires Index (BBI) global ranking, have become almost $45.5 billion poorer since January 2022. Their total fortune at the moment is about $328 billion. Experts attribute this state of affairs to sanctions from the foreign states, under which many fell after the start of a military special operation launched by the authorities of the country on the territory of a neighboring state. For many, the reasons for a decline in capitalization were the ...

Russian Railways defaulted on Eurobonds

Russian Railways failed to pay off Eurobonds due to the sanctions applied against the company. This was the first event of this kind since the introduction of restrictive measures due to the situation in Ukraine. The incident was reported by Bloomberg , indicating that Russian Railways was declared in ...

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....

S&P Global Ratings: risk of default in Russia is high

Russia's sovereign credit rating was downgraded by 8 points. This was done by the international rating agency S&P Global Ratings (S&P) against the backdrop of sanctions imposed against Russia and Russian ones in response. At present, the rating in both foreign and national currencies has been downgraded to CCC-. The agency attributed the sharp drop in the rating to Russia's special operation in Ukraine and subsequent sanctions, including ...

EU DEMANDS € 290 BILLION FOR RUSSIAN IMPORT SUBSTITUTION

... companies. Earlier, the EU requested a consultation with Russia, which took place in September this year, but it did not solve the problem in question. The position of Russia is that the United States and the European Union violate the WTO rules with the sanctions imposed against Russia. This was stated by the representative of the Ministry of Foreign Affairs Maria Zakharova on the ‘Soloviev LIVE’ YouTube channel. Putin's spokesman Dmitry Peskov, in turn, also noted that Russia was not violating anything, reports TASS.

Bankruptcy of Nord Stream 2 AG suspended until autumn

... certifying the company as an independent operator was stopped by the German regulator in November 2021. Rusbankrot reported on the 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.

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 office claim was the publication of the press secretary of the company on Twitter on March 11....

Nord Stream 2 management company to launch bankruptcy proceedings

... Stream 2 AG, acting as an operator of Nord Stream 2, is going to resort to insolvency proceedings. This is connected with the sanctions that were previously imposed on the enterprise in connection with the geopolitical situation around Ukraine. It is ... ... early as this week. Nord Stream 2 AG was created by Gazprom to implement a project to double the capacity for pumping gas from Russia to Germany. The cost of the project, which is currently almost completed, amounted to $11 billion. The pipeline with a ...

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