Russian Finance Minister Anton Siluanov claims that to enable the military to carry out its tasks, other expenditure has been reduced by about 10 percent. In the 2024 budget, the Kremlin has planned the highest defense spending since Soviet times: 10.7 trillion rubles, which translates into more than 464 billion złoty at the current exchange […]
Tag: Sanctions against Russia
The head of the Bank of Russia says which sanctions are the toughest
The head of the Russian central bank said in the latest interview which Western sanctions against Russia are the toughest. Elvira Nabiullina said in an interview with the business portal RBC that the most painful consequence of Western sanctions against Russia is the restriction of international payments. Another problem is the freezing of private investors’ […]
The European Union has adopted the twelfth package of sanctions against Russia
On Monday, the European Union accepted the twelfth package of sanctions against Russia, imposed over the attack on Ukraine in February 2022. The new package includes a ban on the direct or indirect import, purchase or transfer of diamonds from Russia. This ban applies to diamonds originating in Russia, diamonds exported from that country, diamonds […]
The European Union has adopted the twelfth package of sanctions against Russia
On Monday, the European Union accepted the twelfth package of sanctions against Russia, imposed over the attack on Ukraine in February 2022. The new package includes a ban on the direct or indirect import, purchase or transfer of diamonds from Russia. This ban applies to diamonds originating in Russia, diamonds exported from that country, diamonds […]
Bankruptcy haunts Russia after war sanctions: IMF
According to the International Monetary Fund (IMF), Russia could be doomed to bankruptcy due to economic sanctions and financial restrictions imposed on it by the international community for invading Ukraine. And the conflict could also have major consequences for the global economy, according to the director of the Fund, Kristalina Georgieva. “Russia’s bankruptcy is no […]