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Corporate clients withdraw $10 billion from Russian banks
For the second consecutive month, the Russian banking sector has experienced an outflow of foreign currency from the accounts of major corporate clients, who are rapidly spending or withdrawing the dollars and euros, reports finanz.ru.
In July, legal entities withdrew another $900 million from current accounts and emptied a similar amount from foreign currency deposits. A month earlier, the outflow was a three-year record: $4.4 billion flowed out of deposits and $3.6 billion from current …
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European Court of Human Rights orders Russia to pay Magnitsky’s family €34,000
The European Court of Human Rights (ECHR) has ordered Russia to pay €34,000 to the widow and mother of Hermitage Capital auditor Sergei Magnitsky.
“The court has found Russia guilty of violating several points of the European Convention, including that it did not safeguard Magnitsky’s right to life and did not conduct a fair investigation of the circumstances of his death,” the court ruling states.
The court also ruled that Magnitsky’s detention in the Matrosskaya Tishina prison was …
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Putin: Russia understands Turkey’s concern regarding Syria
At the end of a visit by the Turkish president to Russia on Tuesday August 27, Vladimir Putin and Recep Tayyip Erdogan gave a joint press conference. The leaders drew special attention to one of the key topics discussed in Zhukovsky.
“We believe that at this stage we need to focus on stabilizing the situation in Syria ‘on the ground’ and advance the political resolution process in accordance with UN Security Council Resolution 2254,” Putin told the press.
The Russian head of state said that …
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Putin: incomes of Russians growing too slowly
The incomes of Russia’s citizens are growing too slowly, and the economy’s growth rate is unsatisfactory, said Russian President Vladimir Putin at a government session on August 26. The Russian leader expressed concern and demanded that steps be taken to get the country out of this situation.
“The rate is positive, of course, but overall the dynamic cannot satisfy us. We need to ensure that the economic growth is more stable and more dynamic. But even in light of this and taking into account …
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Ukrainian naval vessel enters Russian military exercise zone
The Ukrainian Navy’s small reconnaissance vessel the “Pereyaslav” entered the zone where Russia’s Black Sea Fleet was conducting drills, Colonel Andriy Ryzhenko, the Navy’s deputy chief of staff for Euro-Atlantic integration, said in a broadcast of UA.TV.
During the period when the exercise was being conducted, the Ukrainian vessel was returning from the NATO Agile Spirit – 2019 exercise in Georgia.
“I could say that we took the recommended routes, but there were various options, primarily it …