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Morgan Stanley leaving Russia
Large transnational business continues to curtail its presence in Russia.
Morgan Stanley - one of the largest U.S. financial institutions with assets of $900 billion - will become the first U.S. bank to completely eliminate full representation in Russia.
According to RIA Novosti, the group filed a request with the Central Bank of Russia to revoke the license to carry out banking operations and decided to voluntarily liquidate its banking operations in Russia.
Earlier, on April 30, the …
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Lavrov: Russian military will not conduct exercises near NATO borders
The Russian army has no plans to conduct exercises near the borders of NATO countries during the COVID-19 pandemic and has generally scaled them down, said Russian Foreign Minister Sergey Lavrov at a video conference press briefing.
"For the period that we are now going through, during the period of coronavirus infection, our military has reported that they are reducing the scale of the exercises and do not plan any exercises near the line of contact with the North Atlantic Alliance," said …
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Russia begins work on new gas pipeline to China
Nord Stream-2 is not yet completed, but Russian gas giant Gazprom has already started designing a new gas pipeline, which will transport Russian gas to China via Mongolia. On Monday, the head of Russia's Gazprom, Alexei Miller, announced the start of work on the Power of Siberia-2 gas pipeline.
"On behalf of the Russian President, Gazprom has started design and preparatory work on the Power of Siberia-2 gas pipeline. It could become a new export channel with a capacity of up to 50 billion …
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Yukos shareholders seize Russian vodka brands in Netherlands
A new phase begins in the legal battle between Russia and the former Russian oil company Yukos
At the beginning of May, Yukos shareholders seized the rights in the Benelux countries for a series of alcohol brands registered in the Netherlands,which are owned by the Russian state. The claim includes iconic vodka brands Stolichnaya and Moskovskaya, reported the Ducth news agency NRC.
On February 18, the Hague Court of Appeal reinstated the decision of the lower court, the Hague Arbitration …
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Washington: Russia’s actions in Arctic threaten NATO’s security
Russia is increasing its presence in the Arctic and threatening NATO's defense at the Greenland/Iceland/UK gap, stated the Deputy Assistant Secretary of State for European and Eurasian Affairs Michael Murphy.
"China and Russia are seeking to more actively challenge American and Western and allied interests, whether that’s in Ukraine, whether that’s in North Africa, whether that’s in the South China Sea, and we’re seeing the same sort of challenges in the Arctic region," he said.
Russia has “ …