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Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization
... Petersburg Exchange), will facilitate gold pricing according to the interests of Russian investors and strengthen the country’s position in global markets. In this article, we will explore the goals and prospects of the new exchange, its impact on the ... ... platforms like the London over-the-counter gold market (LBMA) and the COMEX exchange in New York. Following the imposition of sanctions in 2022, the LBMA excluded all Russian refineries from its list of accredited suppliers, effectively depriving them ...
The Hungarian Ministry of Foreign Affairs Announces Damage to the Druzhba Oil Pipeline in Bryansk Region
... has confirmed the incident involving the Druzhba oil pipeline in Russia, which could have serious implications for the region's energy security.
Incident with the Druzhba Oil Pipeline
On October 7, 2023, the Hungarian Ministry of Foreign Affairs officially ... ... Malfunctions:
Problems related to infrastructure wear and tear are also possible, which is common with aging pipelines.
Economic Sanctions:
Restrictions imposed against Russia may impact the maintenance and technical condition of the network.
Implications ...
M&A Market Activity in Russia at Three-Year Low
... 2024 entail hefty fines and additional payments to the budget, totaling up to 95% of the asset value, effectively blocking most transactions involving foreign capital. Secondly, high financing costs diminish project attractiveness: the Bank of Russia's key rate has been raised to 21%, making loans expensive. Thirdly, the uncertainty in the economic situation (geopolitical risks, high sanctions costs, and ruble volatility) complicates revenue and cash flow forecasting for target companies, increasing expected risks. Finally, investor participation has decreased: most companies wishing to exit the market have already carried out their ...
The Circle: What Do the Russian Government's Plans to Allow Gasoline Exports Mean?
... decreased by 34%. This is partly due to damage to refinery infrastructure from Ukrainian drone attacks and unplanned downtime due to sanctions on equipment supplies for oil refining.
The losses of oil producers are partly compensated by budget subsidies under ... ... cannot keep gasoline prices in line with inflation, which marks a key difference between the current fuel crisis and last year's. Last year, the trigger for the price increase was the Finance Ministry's attempt to "halve" the damper, after which ...
Ban on Account Transfers: How the New Law Will Change the Gaming Market
... the video game market as well. The goal of these changes is to put an end to schemes where malicious actors use someone else's phone numbers or accounts to bypass identification and commit illegal actions. However, ordinary users of online services, including ... ... usernames and passwords occurs for mercenary motives or to facilitate criminal acts, offenders face criminal liability. The maximum sanctions include fines up to 700,000 rubles and imprisonment for up to three years. Even participation in such schemes (not necessarily ...