Departing firms will need to contribute 15% of the value of their business sale to the country’s budget, the newspaper reports Western companies seeking to leave Russia and sell their assets in the country will soon be obliged to make a 15% contribution to the state budget, Izvestia reported on Tuesday, citing the Finance Ministry.
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Russia is not selling crude under the price cap mechanism introduced by the G7 and EU in an effort to curtail Moscow’s energy revenues, Deputy Prime Minister Aleksandr Novak stated on Tuesday. Oil companies are complying with a presidential decree obliging Russian legal entities and individuals to avoid Western-mandated oil price limits in their…
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Kiev would be entitled to the funds upon its accession to the bloc, according to the newspaper Ukraine could receive billions of euros in subsidies from the EU upon the country’s accession to the bloc, the Financial Times reported on Wednesday, citing an internal study by the secretariat of the EU Council.
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