Business
Moscow promises tit-for-tat response to EU seizures of Russian assets
Moscow has promised to retaliate if Brussels touches its sovereign reserves
EU bank’s shares shoot up on back of Russia deal
Raiffeisen shares surged after it pledged to cut its equity in its Russian branch by buying a stake in the Strabag group
The US has a holiday surprise for Russia’s ruble
The anticipation of interest rate cuts by the US Federal Reserve have boosted global markets and the Russian currency
Airbnb fined for misleading thousands of customers
Airbnb has been ordered to pay up to $10 million in compensation to affected Australian customers in refunds and conversion fees
West’s Russian diamond sanctions unworkable – industry leader
The boss of De Beers doubts a diamond-tracking system proposed by the G7 will prevent Russian gems from entering global markets
Maersk reroutes vessels around Africa
Shipping giant Maersk has diverted vessels due to the security risk in the Red Sea
Brussels upholds sanctions against Russian tycoon
The EU’s General Court has refused to lift sanctions imposed on Roman Abramovich over the Ukraine conflict
Korean car giant sells huge factory for $77 – media
Hyundai has announced plans to sell its St. Petersburg plant as part of its exit from Russia
Germany planning to confiscate $800 million in Russian assets
The German Prosecutor General has initiated proceedings to seize €720 million in Russian funds citing an alleged breach of EU sanctions
EU countries get Russian oil exemption – Reuters
The EU has extended an exemption allowing Slovakia to sell fuels produced from Russian oil to the Czech Republic
Russian branch of EU bank posts $172 million profit
Hungarian OTP Bank will receive over $30 million in dividends from its Russian subsidiary, bank records reveal
Zara replacement flops in Russia – survey
Lebanese clothing brand MAAG, which replaced Zara in Russia, has been labeled the disappointment of the year
Danish beer giant loses landmark Russian case
Baltika Breweries has preserved licensing rights for certain Carlsberg brands on the Russian market
Russia and China no longer use dollar in trade – Mishustin
Russia and China no longer use dollar in trade, says Prime Minister Mikhail Mishustin
Kremlin responds to EU diamond sanctions
Russia will find ways to bypass the EU ban on its diamonds, Kremlin spokesman Dmitry Peskov says
Russia now biggest export market for Chinese cars – Beijing
Chinese cars have been winning the Russian auto market amid Western sanctions, ambassador says