The Bank of Russia raised its inflation forecast for 2022 and now expects prices to rise by 5-6% instead of the previous 4-4.5%, the regulator said in a statement following a meeting of the board of directors.
<<< March 11, 2022 News Feed > >>
According to media reports, a number of Japanese firms are suspending deliveries and production in Russia due to logistics problems indefinitely.
- Panasonic has stopped shipping products from outside Russia to its Russian distributor.
- Yamaha Motor Co. suspended the export of motorcycles and boat engines from Japan and other countries to Russia.
- Hitachi Construction Machinery Co. will stop the export of hydraulic excavators.
- Major construction equipment manufacturer Komatsu Ltd. suspended the supply of mining equipment.
- Truck crane manufacturer Tadano Ltd. suspended deliveries to Russia and Belarus last week.
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Finnish, Swedish and Danish newspapers have announced that they will publish articles in Russian. Finnish Helsingin Sanomat, Swedish Dagens Nyheter and Danish Politiken joined the action.
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Money transfer service Western Union stops work in Russia and Belarus.
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BlaBlaCar Fellow Travel Service Suspends Investments and Financing of Subsidiary in Russia
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The State Duma in the second, main, reading approved the amendment, according to which Russia will create a unified register of individuals who have been declared «foreign agents» or who are associated with them. It will also include people who, from the point of view of the state, are politically active and receive money or property assistance from «foreign agents»
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Yandex.Zen and the social networks Odnoklassniki and VK sent notifications to Current Time about the blocking of media pages at the request of Roskomnadzor due to “knowingly false socially significant information”
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In addition to the Current Time page, the VKontakte social network, at the request of the prosecutor’s office, blocked Meduza’s page in Russia. The reason is the same — «knowingly false socially significant information»
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The skies over Switzerland are closed to aircraft from Russia until the end of March with the possibility of extension, aviation authorities told RIA Novosti
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Western Union, Ria Money Transfer, TransferGo, MoneyGram, as well as Intel Express canceled the commission for transferring funds to Ukraine
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Goldman Sachs Group Inc. stops its activities in Russia, writes Bloomberg
Goldman Sachs Group Inc. is one of the largest investment banks in the world.
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Formula 1, a week before the start of the new season, terminated the contract with Match TV, and also banned access from Russia to its F1 TV Pro online service.
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Russia was excluded from the membership of the Bank for International Settlements (BIS) in Basel, Switzerland at the request of the Central Bank of Ukraine, the BBC Broadcasting Corporation reported.
Corresponding statements are not yet available on the BIS website. Created in 1930, the structure facilitates the interaction of central banks in international financial settlements.
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Uzbekistan and Russia approve plan to increase tourist flow
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One of the world’s largest manufacturers of tobacco products Japan Tobacco International (Winston, Camel, Mild Seven) suspends investments and advertising activities in Russia
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The Islamic State (IS, a terrorist organization banned in Russia) has acknowledged the death of its leader, Abu Ibrahim al-Hashemi al-Kureishi, Reuters reports.
US President Joe Biden said on February 3 that US troops killed al-Hashemi during an anti-terror operation in northwestern Syria.
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Turkish Airlines has begun notifying ticket agents in Russia that it is suspending the sale of tickets for flights from Turkey to third countries, the Russian Association of Tour Operators (ATOR) reports.
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Cloud service Google Cloud has suspended the registration of new customers from Russia, Business Insider reports, citing a statement from the company.
Earlier, the acceptance of new customers from Russia and Belarus was suspended by the Amazon Web Services cloud platform. The sale of goods and the provision of services in Russia was also suspended by Microsoft, which has its own cloud service — Azure.
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Warner Music has suspended all of its Russian activities. This was reported by Variety magazine, citing a company statement.
«Warner Music Group is suspending operations in Russia, including investment and project development, advertising and marketing activities, and the production of all physical products,» the statement said.
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Disney will suspend the work of all divisions in Russia. The decision concerns, among other things, the publication of the National Geographic magazine, the broadcasting of a television channel owned by the company, the release of content and the licensing of products. According to Disney, the Russian and Ukrainian markets account for 2% of the company’s business.
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Deputies of the State Duma of Russia on March 16 will consider in the third reading a bill on amendments to the law «On military duty and military service», which relate to the rules of conscription for military service in Russia.
If the bill is approved, then the summons with the requirement to appear at the military registration and enlistment office can be handed to the recruit by registered mail with notification at the address indicated in the military registration documents, or at the place of work / study. The summons will be deemed received against signature on the day the registered letter is delivered.
A conscript who receives a summons after the date of appearance indicated therein is obliged to appear at the military registration and enlistment office within two weeks. Even if the conscript did not receive a summons from the military registration and enlistment office during the period of conscription for military service, then during the next conscription he himself must appear at the military registration and enlistment office “to verify military registration data” within two weeks from the start of the campaign. If he does not do this without good reason, he will be considered evading military duty.
If the document is approved by Parliament and signed by the President, the changes may come into force on April 1.
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The Turkish airline Pegasus Airlines suspends flights to and from Russia from March 13 to March 27, 2022, the carrier’s press service reported.
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Bank JP Morgan Chase announced the termination of work in Russia. The investment company will continue to engage in operations related to the settlement of obligations of the bank’s customers
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Burger King: The company «suspends corporate support for the Russian market, including marketing and supply chain support.» The company explained that it does not have its own restaurants in Russia, they operate on a franchise basis.
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Mars ceases investment in business in Russia and the import and export of products. The company’s portfolio includes such brands as Mars, Snickers, Twix, Bounty, Milky Way, Orbit, Whiskas and Pedigree.
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The customs subcommittee decided to ban the export of grain from Russia to the EAEU countries (until August 31, applies to wheat, meslin, rye, barley and corn). Export of grain outside the EAEU was previously limited by tariff quotas and duties.
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The customs subcommittee decided to ban the export of sugar from Russia (until August 31, applies to white sugar and raw cane sugar). The ban will apply to exports to third countries, deliveries to the EAEU are possible on the basis of permits from the Ministry of Agriculture.
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Car manufacturer Stellantis (Alfa Romeo, Citroën, Dodge, Opel, Peugeot, etc.) announced the suspension of car exports to Russia
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The Isle of Man canceled the registration of Alisher Usmanov’s Airbus A340-300. The aircraft has its own name «Burkhan» (Bourkhan) and is named after Alisher Usmanov’s father, and the last three letters of the M-IABU tail number stand for «I Alisher Burkhanovich Usmanov» (I Alisher Bourkhanovich Usmanov). At the moment A340-300 Alisher Usmanov is located in Tashkent.
The Isle of Man Aircraft Registry was established by the Government of the Isle of Man in 2007. All aircraft registered on the island have the prefix «M».
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Heroes of Ukraine Street, 2 – this is how the address of the Russian embassy in Lithuania now sounds. Today there appeared corresponding signs in Lithuanian and Ukrainian languages, reports Delfi. Previously, the street with the embassy was nameless, formally the institution was located on Latvu (Latvian) street
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Enthusiasts tested the power of the new Apple Mac Studio, announced on March 8. In a single-core test, the M1 Ultra processor, on which the machine is based, received 1747 points. In multi-core mode, the hardware scored 24,055 points. It can be considered the most powerful Apple computer in the line.
The previous record holder, a Mac Pro based on the 28-core Intel Xeon W-3275M processor, previously scored 19,951 points in testing. Thus, the new computer of the American brand turned out to be more productive than the Mac Pro by about 20 percent.
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Ukrainian businessman Vladimir Shkolnik has revoked all patents and licenses for assembling all-terrain vehicles in Russia. However, at the St. Petersburg enterprise Sherp LLC, they explained that production would not be suspended, since under the conditions of sanctions, the possibilities for exercising patent rights are questionable.
The plant acknowledges that there are problems with the supply of parts. According to Pavlov, the issue of replacing components with analogues from countries that have not imposed sanctions against the Russian Federation is currently being worked out.
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Demand for real estate has decreased in Russia. Interest in new buildings fell by 15%, in secondary housing — by 12%. Earlier it was reported that in February the average cost per square meter in new buildings in Moscow increased by a record 5% and exceeded 280 thousand rubles.
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Air Astana temporarily suspends flights to Russia. The termination of activities also applies to flights through the country, the press service of the carrier said.
The decision is related to the termination of insurance coverage for commercial flights in the Russian Federation and over the territory of the country. The company said that this issue is planned to be urgently resolved with the authorities of Kazakhstan.
Earlier, the suspension of flights to Russia was reported by Azerbaijan Airlines (AZAL) and Buta Airways.
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Russia removes restrictions on flights to eight countries — Rosaviatsia. Among them are Tajikistan, Uzbekistan, Armenia, Kazakhstan, Azerbaijan, Kyrgyzstan and Iran
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Australia will ban the import of Russian oil and oil products, as well as gas and coal — Foreign Minister Maris Payne. The government’s decision to ban the import will take effect in 45 days. This means that Australia will have time to receive already paid shipments of crude oil from Russia.
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The Federal Air Transport Agency confirmed the extension until March 20 of a ban on flights to the south of Russia. The work of the airports of Anapa, Belgorod, Bryansk, Voronezh, Gelendzhik, Krasnodar, Kursk, Lipetsk, Rostov-on-Don, Simferopol and Elista is temporarily limited
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Avast and NortonLifeLock Inc. suspended sales of their products in Russia. Russian users of Norton antiviruses will not be able to update antivirus databases, and Avast has made its products inaccessible to Russians and Belarusians
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The owner of Uralchem, Dmitry Mazepin, who fell under EU sanctions, sold a controlling stake in the company and left the post of its CEO. Thus, the asset will not be subject to the restrictions imposed on the businessman
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The Russian Union of Bakers (RSP) asked to be given the opportunity to raise prices based on rising costs, Kommersant found out. Now manufacturers are deprived of this opportunity, as they receive subsidies from the state in exchange for keeping prices.
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In Russia, the international system for issuing green certificates I-REC, confirming the generation of electricity from renewable energy stations, has stopped working. Certificates are needed to reduce the carbon footprint of products sold abroad.
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Using the VLT, La Silla and TESS space telescopes, astronomers at the European Southern Observatory studied the planetary system around the star L 98-59, which is 35 light-years from Earth. They managed to find 5 exoplanets, on 2 of which liquid water can theoretically exist — under the surface, on the surface or in the atmosphere.
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Chinese manufacturer CRRC Zhuzhou Locomotive said testing of a new generation maglev train has been completed. An unmanned train with a speed of 200 km/h will be used on intercity and city lines with a length of 50 to 200 km.
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The website of the movement in support of the rights of voters «Voice» (included by the Ministry of Justice in the register of public associations-foreign agents) is blocked, follows from the data of the Roskomnadzor service. The websites of the human rights organization Amnesty International in Eastern Europe and Central Asia were also blocked, as well as the website of the publication Colta
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Uzbekistan Airways has introduced additional flights from Tashkent to Kazan, Novosibirsk, St. Petersburg and Vladivostok due to increased demand among passengers.
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Dmitry Pumpyansky and his son Alexander, who fell under EU sanctions, have ceased to be the beneficiaries of the Sinara group, according to its website.
Since March 9, they also left the boards of directors of Sinara, PJSC Bank Sinara and JSC STM. Dmitry Pumpyansky resigned as president of Sinara, and his son resigned as chairman of the boards of directors of the group and Sinara bank, the report said.
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The Ukrainian operator of the nuclear power plant Energoatom announced that it is completely stopping the purchase of Russian fuel for power units. Now the main supplier will be the American Westinghouse, in addition, Energoatom will launch the production of its own fuel assemblies
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According to French scientists, ants of the Formica fusca species, after a few minutes of training, distinguished healthy human cells from cancerous ones. The experts explained that each cell line has its own smell, which is determined by the ants. Further tests are needed to evaluate the effectiveness of the method. However, according to scientists, the results indicate that ants have a high potential
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Marriott closes corporate office in Moscow and freezes the opening of new hotels in Russia
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The German public broadcasters ARD and ZDF are resuming broadcasting in Russia, interrupted on March 5, according to the ZDF website.
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Gennady Timchenko, who fell under EU sanctions, was not included in the list of candidates for the new board of directors of NOVATEK, follows from the decision of the board of directors of the company.
Representatives of the French TotalEnergies Arnaud Le Foll and Dominique Marion, who are now on the board of directors, have been approved as candidates. Leonid Mikhelson, the largest shareholder of NOVATEK, also remains on the list of candidates.
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The IELTS International Language Examination Center will continue to work in Russia and conduct all scheduled exams. This was reported on the website of the center.
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Academicians of the National Academy of Agrarian Sciences of Ukraine severed ties and left the foreign members of the Russian Academy of Sciences, the press service of the academy reported.
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Difficulties with the issuance of cash US dollars in exchange offices in Kazakhstan are caused by increased demand from the population, as well as logistical difficulties in the delivery of banknotes from other countries «against the backdrop of a tense geopolitical situation,» the National Bank of Kazakhstan explained in a statement.
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The Swiss company Nestle stops deliveries to Russia of coffee and goods under the Nespresso brand, as well as mineral water under the S.Pellegrino brand.
Nestle clarified that the decision to suspend imports will not affect the supply of baby food, cereals, medical nutrition and medicated pet food.
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The Bank of Russia has suspended preparations for the sale of Otkritie Bank, which was planned for this year. Since the summer, the Central Bank has been looking for a strategic investor for Otkritie and was considering an IPO. In February, the bank came under US blocking sanctions.
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Canada imposed sanctions against the Russian Ministry of Defense, the Foreign Intelligence Service, the Progress Rocket and Space Center, the Russian Helicopters holding company, and another 27 Russian companies and departments. Also, Ottawa, as part of anti-Russian sanctions, banned the import of petroleum products from the Russian Federation.
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The Indian Ministry of Defense reported an accidental missile launch into Pakistan. According to him, this happened due to malfunctions during maintenance, there were no fatalities, an investigation will be carried out.
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