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German businessman has won another legal victory over Russia
German businessman, Franz Sedelmayer, has won another legal victory over Russia. He is currently striving for the sequestration of Russian property abroad due to the expense of lost investments in St. Petersburg.
The First Instance Court of the French town of Draguignan had refused to recognize and implement the decision of the St. Petersburg court with regard to the extraction of taxes and fines from Sedelmayer totaling an amount of 65.6 million dollars. This was reported by the Kommersant …
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Poroshenko to IMF: Ukraine will continue reforms despite crisis in relations in the government
The President of Ukraine, Petro Poroshenko, held a phone conversation with the Managing Director of the International Monetary Fund, Christine Lagarde, in which an agreement was reached to prepare a road map for reforms, the Press Service of the President stated.
As noted, Poroshenko stressed that Ukraine will continue reforms despite the crisis in relations between the government and the parliamentary coalition. In addition, the President stressed the need to restart the Cabinet of Ministers …
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Turkey's FIBA Holding puts Russian Bank up for Sale
Russia’s business daily, Kommersant, reported that the bank with the largest holdings of Turkish capital, Credit Europe Bank, is for sale in Russia. According to the representatives of the publication, the sale is being made due to the deterioration of Russian-Turkish relations, as well as the overall economic stagnation in Russia. One of the sources in the banking market reported that the search for potential buyers for Credit Europe Bank started in the middle of January.
Financial giant …
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Ukrainian Ambassador to Czech Republic demands that a map depicting Crimea as part of Russia be fixed
The Ukrainian Ambassador to the Czech Republic, Boris Zaychuk, demanded that the Czech publisher, Ottovo Nakladatelství, rectify a map of Ukraine in their “World Atlas of Football” edition in order for it to be in accordance with national law.
“In this atlas, Crimea is colored the same as Russia. In addition, the general map of the world in this edition does not show Crimea as a part of Ukraine. Therefore, the map violates international law and ignores the consolidated position of the EU …
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US proposes spending nearly $1 Billion to support democracy in former Soviet states in 2017
According to President Obama's budget plan for 2017, $953 million will be allocated to the US State Department to support democratic societies and develop anti-corruption programs in Russia’s neighboring countries.
As reported by the media citing officials, the money is allocated under the article “to deter Russian aggression using public diplomacy and aid programs, and to establish sustainable government in Europe”.
“It refers to anti-corruption programs, establishing energy security …