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The bloc’s plans in the far North will upset the regional balance, a top Russian ambassador has said NATO military expansion in the Arctic undermines regional security and warrants countermeasures from Russia, according to a senior Foreign Ministry official.

Enterprises of foreign companies that have pulled out of Russia may be subjected to bankruptcy proceedings, according to Russian Finance Minister Anton Siluanov. He said on Monday that the insolvency procedure for such businesses could take from three to six months.