Tag Archives: sanctions

The White House on Thursday announced a new wave of sanctions on over 400 Russian elites, including 328 members of Russia’s parliament, the Duma. But one figure remains conspicuously absent: Roman Abramovich. European and Canadian authorities have already sanctioned the billionaire, widely known for owning the Chelsea soccer club. But so far the U.S. has not followed suit, even as Abramovich holds a range of U.S. assets that could be seized — including a $50 million estate near Aspen and Source link

Yandex, the Russian online search giant — also running a variety of other digital services — is exploring different “strategic options, including disvestment, for its news aggregation service and infotainment platform Zen.” The company stated Friday it intended to “focus on developing its other technology-related businesses and products (including search, advertising, self-driving and cloud) and transactional services (including ride-hailing, e-commerce, video/audio… Source link

The European Union has sanctioned Rostelecom president Mikhail Oseevsky, Yandex deputy CEO Tigran Khudaverdyan, and VK Company CEO Vladimir Kiriyenko due to Russia’s invasion of Ukraine. The sanctions restrict the individuals from traveling to the EU or doing business with companies that operate there. The EU said that it enacted the sanctions due to “a blatant violation… Source link

The head of Russia’s top technology firm Yandex quit late Tuesday after being slapped with EU sanctions in response to Moscow’s invasion of Ukraine. Brussels hit Yandex executive director and deputy CEO Tigran Khudaverdyan with an asset freeze and travel ban earlier in the day, citing the firm’s role in “hiding information” from the Russian public through the manipulation of search results on its platform. Yandex — often dubbed “Russia’s Google” — is the… Source link

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News and Partnerships Life and Culture Columnists and Opinion Haaretz Heb and TheMarker Haaretz.com, the online English edition of Haaretz Newspaper in Israel, gives you breaking news, analyses and opinions about Israel, the Middle East and the Jewish World. © Haaretz Daily Newspaper Ltd. All Rights Reserved Source link

News and Partnerships Life and Culture Columnists and Opinion Haaretz Heb and TheMarker Haaretz.com, the online English edition of Haaretz Newspaper in Israel, gives you breaking news, analyses and opinions about Israel, the Middle East and the Jewish World. © Haaretz Daily Newspaper Ltd. All Rights Reserved Source link

There is much more the U.S. could do on the sanction front to penalize Russia for its war on Ukraine, points out Goldman Sachs Chief Economist Jan Hatzius. “The prospects for additional sanctions depend mainly on how the war in Ukraine unfolds, but at this point further escalation of sanctions seems likely,” Hatzius said in a new note to clients. The closely followed Hatzius laid out five additional actions the U.S. may take: Block more Russian individuals and related companies. Block additional… Source link

By Josh Beckerman Yandex NV said the company and its subsidiaries aren’t a target of sanctions against Russia, nor are any members of its board, management or principal shareholders. The search engine and ride-hailing company, in an “update on the impact of current geopolitical developments,” said it is analyzing new export controls and working closely with vendors. Yandex is one of several U.S.-listed Russian stocks that have been halted after Russia’s invasion of… Source link

The space industry could be impacted by disruptions or by sanctions against Russia — particularly when it comes to missions utilizing Russian Soyuz rockets — and winners and losers are starting to emerge. “The biggest beneficiary of any exclusion or sanction is SpaceX and the Falcon 9, and to a lesser extent maybe the Falcon Heavy [rocket]” Edison Yu, Deutsche Bank Space analyst told Yahoo Finance Live. Alternatively, One Web (a competitor to SpaceX’s Starlink satellite program) and… Source link