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Claims against Russia in international courts have reached $99 billion
The amount of claims against the Russian government, brought in foreign arbitration courts, continues to grow by leaps and bounds.
To date, the total amount of lawsuits is approaching the $100 billion dollar mark, said the Russian Presidential representative, Harry Minh, speaking in the State Duma.
"Currently, 37 trials are underway in arbitration courts, and as part of these claims, lawsuits totaling $99 billion have been brought against the Russian Federation," Minh said.
The number of …
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Lavrov: Russia will continue using U.S. dollar
Russia does not intend to stop using the U.S. dollar, said Russian Foreign Minister Sergey Lavrov.
"We are not trying to escape from the system that now exists, and which is crucially based on the dollar," the minister said. Lavrov stressed that the U.S. either does not realize its responsibility as a country, the issuer of the dollar, or grossly abuses its position.
At the same time, the Russian Foreign Minister confirmed that the Kremlin wishes to "de-dollarize" the Russian economy.
"It …
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Number of Russians wishing to emigrate reaches highest level in 8 years
Emigrant sentiment continues to intensify in Russia as the standard of living declines, the post-Crimean syndrome fades away, and the authorities instead of a brighter future offer the society repressions and a course to "resuscitate" the corpse of the USSR.
As of May 2021, 22% of Russian citizens said they would like to go abroad for permanent residence, showed a survey conducted by Levada Center.
In four years, the proportion of those wishing to emigrate has increased by 7 percentage points, …
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Russia fears losing access to correspondent accounts abroad
Disconnection of Russia from SWIFT is unlikely, but there is a more serious problem - the loss of access to correspondent accounts abroad, through which Russian banks conduct transactions in foreign currency, said Olga Skorobogatova, the first deputy chairman of the Russian Central Bank, at a roundtable in the State Duma.
"Many times we spoke about this, and SWIFT itself said, we really consider these risks minimal and do not see any serious threat and do not think that it will happen, because …
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EU extends sanctions against Crimea
The EU Permanent Representatives Committee (COREPER) extended for a year without any discussions restrictive measures against Crimea as part of the EU's strategy to reject Crimea's annexation by Russia, adopted in 2014, TASS reports, citing a diplomatic source in Brussels.
"COREPER has decided to extend for 12 months restrictive measures against Crimea and Sevastopol," TASS’ source said. The decision will be formally approved by the EU Council next week and will then come into force. …