A Western ban on payments from the country undermined the company’s bottom line last year, according to an official report The Russian state postal service has reported massive losses for the first time in nine years, largely due to logistical disruptions caused by Western sanctions, annual results published on Monday have disclosed.

Two of the country’s defense contractors are embroiled in a legal battle over the rights to the Leopard 2 German tank manufacturer Krauss-Maffei Wegmann (KMW) has filed an injunction against defense company Rheinmetall, seeking to restrain the rival firm from making “misleading” statements about the Leopard tank.

The proposal to increase personal income taxes for workers abroad has been postponed  The Russian government has withdrawn a draft law that would more than double the tax rate for citizens who work outside the country, a day after the document was submitted to the State Duma.