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France closes its trade and investment office in Russia
On Monday, July 16, France closed its trade and investment representative office in Russia, publishing an announcement in the communiqué of the French Embassy in Russia, which was released on the same day. The decision to close the office was taken following a notification from Russian authorities stating that from now on, Business France is no longer allowed to work in Russia under the provisions of French law. The trade mission of France provided support for the activities of Business France …
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Russia to adopt law on zero tax for oligarchs
The State Duma budget and taxes committee has recommended the adoption in the first reading of a bill to create offshore zones in Russia with a special tax regime for the international holding companies through which the wealthiest Russians control the economy’s key assets.It follows from the bill, as cited by TASS, that within the special administrative zones on the Oktyabrsky and Russky islands in the Kaliningrad province and Pimorsky Krai, which are designed to replace the western offshore …
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Ukrainian Defense Minister: USA will allocate $100 million for Ukraine’s defense
During a broadcast of IСTV Chan, the Minister of Defense of Ukraine, Stepan Poltorak said that the USA will soon allocate 100 million dollars in assistance to Ukraine to strengthen its defense capacity.
"The US Defense Secretary stressed that after adoption [in Ukraine] of the National Security Law and after analyzing the reform of the Armed Forces of Ukraine, in the near future, the USA will provide assistance to Ukraine to strengthen Ukrainian Army’s defense capabilities and will supply …
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Naftogaz offers to make gas transit through Ukraine cheaper than Nord Stream 2
On July 13, Naftogaz Ukraine sent a proposal to the relevant national commission proposing changes to the method for calculating natural gas transit tariffs which has been in place since 2015, reported the company’s press service.
The price envisaged by the new proposal is $2.17 to transit 1000 cubic meters 100 km (with VAT and the fuel component). This is 20% less than the transit rate in the existing contract with Gazprom, and also 2.3 times smaller than the average cost of transit according …
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President Poroshenko: cooperation between Ukraine and NATO has been increasing over the past four years
Ukrainian President Petro Poroshenko stated that he recently met with US Army General Curtis Scaparrotti, the Supreme Allied Commander Europe of NATO Allied Command Operations and commander of the United States European Command. The President noted the bilateral cooperation and stated that cooperation between Ukraine and NATO has been increasing over the last four years. He stressed that Ukraine is strengthening its defense capabilities and reforming the security sector because accession to …