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Sanctions Context

Zara plans to resume trading activities in Russia

A representative of Zara CIS said in the arbitration court that actions are being taken to continue operations in Russia, including changing the corporate...

Key rate reduced for the sixth time in a row, now to 7.5%

The Bank of Russia, at today's meeting of the Board of Directors, decided to reduce the key rate from 8% to 7.5% “Current consumer price...

Russian railways to increase freight rates by almost 10 percent

The indexation of the freight railway tariff from January 1, 2023 may be 9.8%, such a proposal was made by the Russian Railways company....

Iran joins the Shanghai Cooperation Organization

At the SCO summit in Samarkand, a memorandum of commitment was signed by Iran as a member of the organization. Having fulfilled these obligations,...

Furniture shippings to the Kaliningrad region to be subsidized by the federal government

The Russian government will subsidize shipping to the Kaliningrad region for more than 1.3 billion rubles, Prime Minister Mikhail Mishustin said. Previously, land transit...

Preferential mortgage program for new buildings can be extended after 2022

The Russian Ministry of Construction is in favor of extending the preferential mortgage program for new buildings at a 7% rate after 2022 in...


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