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Capital flight from Russia increased 4.5 times
Between July 27 and August 2, 2016, investors withdrew $32 million from funds associated with Russia.
A week earlier, the net outflow of investments amounted to $6.9 million, RBC reports, referring to data from the Emerging Portfolio Fund Research, an organization that monitors the inflow and outflow of investment funds and their allocation.
Two-thirds of the mentioned capital outflow occurred in exchange traded funds. Such results were not unexpected because, until recently, oil prices have …
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Russian Government Agency: State-owned companies have to reduce operating expenses by 10 percent
The Federal Agency for State Property Management, Rosimushchestvo, is being required to reduce their operating expenses by at least 10%. They only have one month to develop the plans and schedules to accomplish it.
The Federal Agency for State Property Management Rosimushchestvo has demanded that Russian state-owned companies reduce their operating expenses by at least 10%. Expense reduction plans have to be developed in one month, as reported by Vedomosti on Monday, August 8, 2016.
According …
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OSCE refuses to say if it will send observers to elections in Crimea
The head of the OSCE/ODIHR election observation mission to the State Duma of the Russian Federation, Jan Petersen, has refused to answer the question of whether the observers will be sent to the occupied Crimea.
As a UNIAN correspondent in Russia reported, at a press conference in Moscow, Petersen said, “We are currently working on where our observers will be sent, so at the moment I'm not going to answer this question... We can't say anything specific about where the observers will be sent," …
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Lithuanian Foreign Minister: Sanctions against Russia should continue
Lithuanian Minister of Foreign Affairs Linas Linkevičius believes that the West should continue sanctions against Russia. He detailed his opinion in his Twitter account, recalling the anniversary of the Russian-Georgian war.
“Eight years ago, Russia's war in Georgia had to be a lesson to the world. Russia annexing Crimea showed it was not the case. Sanctions must continue,” Linkevičius posted.
The Russo-Georgian war of 2008 was an armed conflict between Georgia on one side, and Russia with …
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Lavrov: Russia would be open to holding 'Normandy Format' talks on sidelines of G20
Russian Foreign Minister Sergey Lavrov claimed that Ukraine offered to hold a regular summit of the “Normandy Four” on the sidelines of the G20 summit, which will be held in Hangzhou, China, in early September.
According to Lavrov, the “Normandy Four” should be responsible for implementing decisions agreed on within the framework of the Normandy format.
“If our German and French partners, as well as the Chinese hosts, agree with Kiev’s proposal to hold a meeting on the sidelines of the G20 …