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OPEC+ members extend oil output cuts to Q2
  + stars: | 2024-03-03 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +2 min
CNN —OPEC+ member nations have agreed to extend their voluntary cuts to crude oil production through the second quarter, the group announced Sunday. The move is a part of the group’s perpetual balancing act to stabilize oil prices by reducing supply. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November. The Energy Information Administration reported last month oil refinery inputs, crude oil stock, and gasoline production were all increasing. Oil prices fell on the agency’s announcement US commercial crude oil inventory was sitting at 447.2 million barrels.
Persons: Brent, Goldman Sachs Organizations: CNN, OPEC, The United Emirates, AAA, Energy Information Administration, EIA Locations: OPEC, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, Oman, United States
CNN —Images of a rhino in captivity, a Slovakian spa facility and a German finger wrestling champion are among the finalists and shortlisted entries in the prestigious Sony World Photography Awards 2024. The World Photography Awards organizes several different competitions each year, including youth and student prizes, with its national and regional winners unveiled last month. Liang Chen/Sony World Photography AwardsA photo by Angelika Jakob shows Josef Utzschneider, light heavyweight champion in the German finger wrestling championship. Angelika Jakob/Sony World Photography AwardsAn image by James Rokop, official photographer for the USA Artistic Swimming team. Helen McLain/Sony World Photography AwardsHaider Khan documented two rhinos in captivity in Germany and India.
Persons: Monica Allende, Karol Pałka, Nick Ng, Sujata Setia, Diana, Nygren, Diana Cheren Nygren, Brent Stirton, Jens Juul's, Jens Juul, Maurizio Di Pietro's, Maurizio Di Pietro, Katie Orlinksy's, Katie Orlinsky, Eddo Hartmann, Ekrem Sahin, Angelika Kollin's, Angelika Kollin, Adali Schell, Liang Chen, Angelika Jakob, Josef Utzschneider, James Rokop, Beth Galton, Helen McLain, Haider Khan Organizations: CNN, Sony, London’s Somerset House, World, Soviet Union, USA Locations: Slovakian, German, London’s, Uganda, Nairobi, Kenya, Roskilde, Denmark, Anaktuvuk, Kazakhstan, Soviet, Guangdong province, Germany, India
Seoul, South Korea CNN —A record number of Russians are seeking asylum in South Korea, according to South Korean authorities, with applications surging fivefold last year as Russians became the largest group seeking refuge in the East Asian country. A total of 5,750 Russian nationals sought asylum in South Korea in 2023, according to a report released earlier this month by the Korean Immigration Service. That’s five times higher than the 1,038 who sought protection in 2022 – and more than the total number of asylum applications from Russians recorded between 1994 and 2019. And the trend has continued into this year, with Russians making up the biggest group seeking asylum in January. In the past three decades, just 4,052 people have been recognized as refugees in South Korea from more than 103,000 asylum applications, according to the report.
Persons: South Korea CNN — Organizations: South Korea CNN, South, Korean Immigration Service, Immigration Service, Incheon International Airport, South Korean Justice Ministry, CNN, Customs, Protection Locations: Seoul, South Korea, Kazakhstan, China, Malaysia, Korea, Ukraine, Russia, Korean, Soviet, United States, Moscow
The Coca-Cola Company logo is being displayed at a New Year's fair in Kyiv, Ukraine, on December 31, 2023. Investors looking to enhance their portfolio returns can opt for a combination of growth and dividend stocks. Choosing the right dividend stock by analyzing multiple factors can be complex for investors. However, recommendations from analysts can help inform investors' research and guide them toward lucrative dividend stocks from companies with strong fundamentals. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance.
Persons: Wall, Nik Modi, Modi, TipRanks, Brian Bedell, mgmt, Bedell, Goldman Sachs, Neil Mehta, Hess, Mehta Organizations: Cola, RBC Capital, Owl, Deutsche Bank, Chevron Oil, Chevron, CNBC PRO Locations: Kyiv, Ukraine, Chevron, Kazakhstan
CNN —US officials have been scouring a trove of newly leaked documents from a Chinese tech firm for clues on how the government in Beijing allegedly uses the company in extensive hacking campaigns, multiple US cybersecurity officials familiar with the matter told CNN. The documents, posted anonymously online last weekend for anyone to access, include screenshots of chat logs, as well as records of employees and Chinese government clients of the tech firm I-Soon. “This is some of the best visibility we’ve had into Chinese hacking operations outside of a government SCIF,” said Adam Kozy, who used to track Chinese hackers for the FBI, using an acronym for classified facilities. In a leaked marketing presentation, I-Soon touted its participation in an unspecified hacking project for China’s Ministry of Public Security in 2018. The project “achieved significant results” and received “recognition and praise” from Chinese officials, according to a presentation slide.
Persons: Biden, , Adam Kozy, I’m, ” Liu Pengyu, Wu Haibo, Beijing’s, Christopher Wray, Dakota Cary, ” GitHub, , Wu, Obama, Xi Jinping, Adam Meyers, CrowdStrike, Meyers Organizations: CNN, FBI, Embassy, Telecom, China’s Ministry of Public Security, US Justice Department, US Locations: Beijing, Taiwan, India, Hong, Sichuan, China, Washington ,, Shanghai, Dakota, Asia, South Korea, Kazakhstan, Afghanistan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Gaza war: U.S.' alternative resolution is 'vague in timing,' says former U.S. diplomatWilliam Courtney, adjunct senior fellow at Rand Corporation and former U.S. ambassador to Georgia and Kazakhstan, discusses the United States' vetoing of a resolution at the U.N. demanding an immediate cease-fire in Gaza.
Persons: William Courtney Organizations: Israel, Rand Corporation Locations: Gaza, U.S, Georgia, Kazakhstan, United States
Are these the most beautiful coffee shops in the world?
  + stars: | 2024-02-17 | by ( David Tran | ) edition.cnn.com   time to read: +12 min
The Budapest Café is one of many eye-catching businesses featured in “Designing Coffee: New Coffee Places and Branding,” a coffee table book — no pun intended — that puts the world’s most photogenic, eccentric cafés and roasters on display. Its "bright, playful design and color palette transform a former dental office into a bustling and vibrant bakery café," Kingston writes in "Designing Coffee." In an increasingly competitive coffee industry, coffee shop owners are putting thoughts into how their spaces are designed. Across its ambience and menu, the Genovese Coffee House in Sydney offers Australian consumers an "espresso" ticket to Mediterranean café culture. Anson Smart/Genovese Coffee House/Courtesy gestaltenElsewhere, Genovese Coffee House (pictured above) in Sydney, Australia drew inspiration from Italian coffee culture.
Persons: James Morgan, they’re, Wes Anderson, Lani Kingston, Kingston, Mikhail Loskutov, Yuh Nguyen, Luca Rinaldi, Jamie Yelo, Urbain, Jin Weiqi, Marco Pinarelli, Julius, Damir Otegen, Karin Pasterer, Hernan Taboada, Carlos Artalejo, Xavier Alexander, Alexander, , , ” Alexander, ” Kingston, David Dworkind, ” “, ’ ”, Fritz, K Kim, Angela Wijaya, Fritz Coffee, Ben Hamilton, Anson Smart, “ It’s Organizations: Budapest Cafe, CNN, Portland State University, Melrose, Rupertinum, Salzburg's Museum of Modern Art, Kingston, Fritz Coffee Company, Coffee House, Genovese Coffee, Coffee Locations: Budapest, Chengdu, China, Odessa, Ukraine, Hanoi, Vietnam, Milan, Italy, Taipei, Taiwan, Montréal, Canada, Beijing, Ho Chi Minh City, Central Highlands, Kyiv, Ukraine's, Hong Kong, Forme, Beirut, Lebanon, Almaty, Kazakhstan, Salzburg, Austria, 220GRAD, Buenos Aires, Argentina, Caffettiera, Montreal, Asia, Seoul, South Korea, Belfast, Los Angeles, California, Sydney, Australia
A well in Kazakhstan leaked 140,000 tons of methane into Earth's atmosphere in 2023, scientists say. Methane is estimated to be about 28 times more potent than carbon dioxide in global warming. AdvertisementThat amount of methane is equal to emissions from 791,318 gas-powered cars being driven over a year, per the Environment Protection Agency website's calculators. They detected 115 methane emissions over the six months of the Kazakh leak, their analysis said. AdvertisementBuzachi Neft, the operator of the well, denied to the outlet that such a vast amount of methane was leaked, saying only a "negligible" amount was released.
Persons: it's, Luis Guanter, Buzachi Neft Organizations: Service, BBC, Environment Protection Agency, Polytechnic University of Valencia, Business Locations: Kazakhstan, France, Spain, Netherlands, Europe
CNN —Bay FC, the newest team in the National Women’s Soccer League (NWSL), has made an ambitious statement of intent ahead of the upcoming season by signing Zambian international Racheal Kundananji. “I want to give the [Bay FC] fans what they want – to enjoy the games, to enjoy seeing me playing and scoring.”Kundananji joins Bay FC from Spanish side Madrid CFF for a reported world record fee of €735,000 (around $787,000), according to multiple reports including ESPN. CNN has contacted Bay FC, Madrid CFF and the NWSL regarding the transfer fee. The contract runs through the 2027 season with an option for an additional year in 2028, Bay FC said. “We are delighted to add Racheal to our group,” Bay FC general manager Lucy Rushton said in a press release from the club.
Persons: Kundananji, ” Kundananji, Lucy Rushton, Diego Souto, Asisat Oshoala, Jen Beattie, Brandi Chastain, Leslie Osborne, Danielle Slaton, Aly Wagner Organizations: CNN — Bay FC, National Women’s Soccer League, Zambian, , BBC Sport Africa, FC, Bay FC, Madrid CFF, ESPN, CNN, Real Madrid, Liga F, Spain’s Liga, San, Spanish, Costa, US Women’s National, Sixth Locations: “ People, Zambia, Bay, Spanish, Scottish, San Jose, Kazakhstan, Costa Rica
The European Union wants to sanction three Chinese companies for supporting Russia, according to reports. This would mark the first time the bloc has sanctioned Chinese and Indian businesses since the invasion of Ukraine. AdvertisementThe European Union wants to sanction three Chinese companies due to their ties to Russia, according to reports by Bloomberg and the Financial Times . In April 2023, European Commission president Ursula von der Leyen traveled to Beijing to warn China’s leader Xi Jinping not to support Russia’s war efforts. "This visit is taking place in a challenging and increasingly volatile context, in particular because of Russia's war of aggression against Ukraine," she said in a press conference .
Persons: , hasn’t, Ursula von der Leyen, China’s, Xi Jinping, von, Leyen Organizations: European Union, Bloomberg, Service, Union, Financial Times, EU, Kremlin, Moscow, European Locations: Russia, Hong Kong, India, Serbia, Turkey, Ukraine, Kazakhstan, Sri Lanka, Thailand, EU, China, Beijing
Economists have said Russia's economy is in rapid decline, evidenced by the plunge in the ruble and soaring inflation. Russia's only problem appears to be its worker shortage, Santi says. AdvertisementEconomists are divided over whether Western sanctions have successfully crimped Russia's economy, or if Moscow has managed to sidestep most of the consequences. Russia, for its part, has put up a show of defiance against Western sanctions, with Putin repeatedly emphasizing the resilience of the economy. In January, the Kremlin's budget deficit was five times smaller than it was last year, Russia's finance ministry said on Wednesday.
Persons: , Michael Santi, Santi, Putin Organizations: Service, Business, Gallup, Bloomberg, Carnegie Endowment Locations: Moscow, Ukraine, European, Russia, Switzerland, Armenia, Serbia, Kazakhstan, Europe
Nevada’s Muddled Nominating ContestNevada Republicans will caucus to decide how to apportion their delegates for president. But their caucus comes two days after a primary. And that’s only the start of the confusion.
Organizations: Republicans
LONDON (AP) — Rajeev Ram and Austin Krajicek clinched a spot for the United States in the Davis Cup Finals group round by winning the doubles match against Ukraine on Friday for an insurmountable 3-0 lead in the best-of-five-match qualifying series in Vilnius, Lithuania. Ram and Krajicek beat Illya Beloborodko and Oleksii Krutykh 6-3, 4-6, 6-3. Ukraine was supposed to host the United States for these qualifying matches. Then eight teams will make it to the quarterfinals in Malaga, Spain, in November, when a champion will be determined. 1 Novak Djokovic); South Korea at Canada; Germany at Hungary; Switzerland at Netherlands; Portugal at Finland; and Brazil at Sweden.
Persons: — Rajeev Ram, Austin Krajicek, Ram, Krajicek, Illya Beloborodko, Bob Bryan's, Sebastian Korda, Krutykh, Chris Eubanks, Taylor Fritz, Viacheslav, , ” Ram, Bryan, Novak Djokovic, ___ Organizations: Ukraine, SEB Arena, Italy Locations: United States, Vilnius, Lithuania, Ukraine, Russia, Australia, Spain, Malaga, Slovakia, Serbia, South Korea, Canada, Germany, Hungary, Switzerland, Netherlands, Portugal, Finland, Brazil, Sweden, Belgium, Croatia, Israel, Czech Republic, France, Taiwan, Kazakhstan, Argentina, Peru, Chile
And — while it only represents a very small proportion of containers moved between the Far East and Europe — rail routes via Russia have seen an uptick in interest too. Rail through RussiaFirms have raised concerns about sending goods via rail through Russia, Sciglaite said. A train engine pulls carriages that started their journey in Yiwu, China into Barking rail freight terminal on January 18, 2017 in the U.K. Igor Tambaca, managing director of Rail Bridge Cargo, a Dutch logistics company, said China-Europe rail route bookings were up 37% over the past four weeks. Tambaca said the cost of sending one forty-foot container (FEU) from China to Europe via rail is currently around $7,900.
Persons: Liu Wenhua, Julija, RailGate, Hapag Lloyd, Sciglaite, Dan Kitwood, Igor Tambaca, Tambaca, Maria Magdalena Pavitsich, Pavitsich, Vladimir Putin, Davies Turner Organizations: China News Service, Getty, Air, CNBC, Rail, Cargo, OBB Rail Cargo Group, FEU, Initiative, British Locations: China, Europe, Russia, Manzhouli, Vietnam, Xeneta, East, European, Rotterdam, South Africa's, Ukraine, Yiwu, Barking, Kazakhstan, Belarus, Poland, Germany, Belgium, France, Red, Dutch, Turkey, Austrian, Asia, Xian, Chengdu, Suez, Africa, Moscow, Central Siberia, Beijing, Wuhan, Duisburg
In 2022, there were 941 reported cases of measles in the World Health Organization’s European region. And it appears even more significant compared to recent years, when efforts to limit Covid also resulted in almost entirely eliminating measles in Europe in 2021. But as the year drew to a close, the European measles outbreak kept growing. Almost certainly, the virologist Rik de Swart of Erasmus University Medical Center in Rotterdam tells me, these official case totals are significant underestimates. The epidemiologist Bill Hanage, also at Harvard, lamented it to me as a “chronicle of an outbreak foretold.”
Persons: Rik de Swart, Michael Mina, Bill Hanage, Organizations: Health, Erasmus University Medical Center, Harvard Locations: Europe, Kazakhstan, Kyrgyzstan, Russia, Britain, West Midlands, Rotterdam, Harvard
Far from buckling under their weight, the Russian economy is in fact 1% larger than it was on the eve of the invasion. India and China now account for 90% of Russian oil exports, according to Deputy Prime Minister Alexander Novak. Noemi Cassanelli/CNNThere’s little sign that ordinary Russians have been drastically impacted by Western sanctions. Sanctions will have a long-term impact on the Russian economy, according to the European Commission. Nabiullina said the Russian economy was like a car trying to go too fast.
Persons: Vladimir Putin, Putin, Sergei Chemezov, ” Chemezov, Scott Peterson, Alexander Novak, Christine Abely, , , SWIFT, Alexei Mordashov, Noemi Cassanelli, Geoffrey Pyatt, Rachel Lyngaas, , Alexander Nemenov, Elvira Nabiullina, Nabiullina, Natalia Kolesnikova, ” Abely Organizations: CNN, Atlantic Council, Russia, West ., Shipping, Windward, Reuters, US Treasury Department, United Arab Emirates, Crime Agency, US Treasury, , Bank of, European, US, Financial Times, Russian Central Bank, Getty, Producers, International Energy Agency Locations: United States, Ukraine, Russian, Russia, Western, Sviatohirsk, Donetsk region, Asia, West, West . India, China, India, Volgograd, Turkey, UAE, Bank of Finland, Hong Kong, Europe, Egypt, Thailand, Moscow, Kazakhstan, Soviet Russia, AFP, Beijing
On Friday, BrightSpring Health Services, a home and community-based healthcare services provider, went public on the Nasdaq, pricing 53.3 million shares at $13, below the price talk of $15-$18. The company originally filed in October 2021 but pulled the deal, according to Renaissance Capital. Kaspi.kz, a Kazakhstan-based "super-app," went public last week and is still trading slightly below its initial offering price of $92. After two ugly years, big hopes for 2024 The IPO market has been on a roller-coaster ride for the last several years. The Nasdaq is off to a strong start, up nearly 3% this month heading into Friday, but the Renaissance Capital IPO ETF (IPO), a basket of recent debuts, is down 8%.
Persons: homebuilder, Douglas, Matt Kennedy Organizations: BrightSpring Health Services, Nasdaq, Renaissance, Douglas Homes, NYSE, Renaissance Capital, Arm Holdings Locations: Kazakhstan
And that's about to send uranium prices, already at 16-year highs, on another rally. Sulfuric acid is critical in the extraction process as it is used to leach and recover uranium from raw ore. Kazatomprom is the world's leading uranium miner, accounting for over one-fifth of the world's production. Kazakhstan also produces 43% of the world's uranium supply, the largest slice of the global market for the heavy metal. Around 60 nuclear power reactors are under construction in 17 countries and another 110 are in the planning stages. Citibank expects uranium prices to average $110 per pound in 2025.
Persons: Guy Keller, Uranium, Jefferies, Janos Kummer Organizations: Corbis, Tribeca, Citibank, Getty Locations: India, Pallava, Kazakh, Kazakhstan, Canada, France, Niger, Tribeca, Asia, China, Slovakia
The quake struck Wushi county, also known as Uqturpan county, in Aksu prefecture near the Kyrgyzstan border shortly after 2 a.m. local time, state-run news agency Xinhua reported. Strong tremors caused two houses to collapse and downed two major power lines near the epicenter, though electricity was quickly restored, according to Xinhua. The Xinjiang railway authority immediately sealed off routes in areas affected by the quake and suspended 27 trains, Xinhua reported. Nearly 200 rescue workers have been dispatched to the quake zone, and hundreds more are being assembled, Xinhua reported. The tremors were also felt across the border in Kyrgyzstan, according to the United States Geological Survey.
Persons: Organizations: Hong Kong CNN, Xinhua, CCTV, China Earthquake Networks, United States Geological Survey, Reuters, Residents, United Nations Locations: Hong Kong, China’s, Xinjiang, Central, Aksu prefecture, Kyrgyzstan, Xinhua, Wushi, Kashgar, Hotan, Kazakhstan, Almaty, Uzbekistan, China, Beijing, Gansu, Qinghai
Yet the main IPO ETF, the Renaissance Capital IPO ETF ( IPO ), has been for sale most of the month. "For the IPO market to open up, it would help not to have our IPO ETF down 9%," he said. Forge Global maintains a Private Market Index , a measure of 75 late-stage pre-IPO companies. "This tells you valuations are getting reset in the private market," Ng told me. Can AI save the IPO market?
Persons: Matt Kennedy, Homebuilder Smith Douglas, Don Short, Salomon, Wilson, Howe Ng, Ng, Del, Waystar, Kim Kardashian's, Short, Vincent Harrison Organizations: Renaissance Capital, Nasdaq, Amer Sports, Arc'teryx, Forge, SEC, Companies, Reuters, Auto, Turo, CNBC, Microsoft, Gaming, SpaceX, Forge Global Locations: Kazakhstan, IPOs, Pitchbook
CNN —Belarus on Friday adopted a new military doctrine that – if approved – would be the first step toward deploying nuclear weapons across the country. The Union State of Belarus and Russia Treaty sets up a legal basis for a wide-ranging alliance between the two countries. Baltic states reinforce bordersThe move by Belarus came as neighboring Baltic states signed an agreement to reinforce their borders with Belarus and Russia. During an interview with state news agency Belta in August last year, Belarusian leader Alexander Lukashenko said his country did not “bring nuclear weapons here in order to scare someone.”“Nuclear weapons represent a strong deterring factor. But these are tactical nuclear weapons, not strategic ones.
Persons: Viktor Khrenin, , Khrenin, , Vladimir Putin, Alexander Lukashenko, Hanno Pevkur Organizations: CNN, ” Belarusian, Belarus ’, Collective Security, Organization, Union State, NATO, The Union, The Union State of, Russia Treaty, Belarusian People’s Assembly, Novosti, UN, OSCE, ” Minsk, Estonian Defense Ministry, Estonian Minister of Defense, Belta Locations: Belarus, Republic of Belarus, Russian, Russia, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan, The Union State, The Union State of Belarus, Ukraine, NATO, Poland, Lithuania, Latvia, Baltic, Estonia, Estonian
CNN —At one point last year, tennis player Sumit Nagal had less than $1,000 in his bank account. After defeating Kazakhstan’s Alexander Bublik on Tuesday, Nagal became the first Indian man to win a match at the Australian Open in 11 years, pocketing $118,000 ($180,000 Australian dollars) in the process. “There was a time where we had a lot of singles players playing in the slams,” he said. Shang celebrates during his Australian Open win against Mackenzie McDonald. The 27-year-old Zhang has also reached the second round of this year’s Australian Open, and a deep run in Melbourne could see him break into the top 50 for the first time in his career.
Persons: Sumit Nagal, Kazakhstan’s Alexander Bublik, Nagal, “ I’m, , , Germany –, Shang Juncheng, Mackenzie McDonald, Melbourne . Shang, David Gray, Shang, Zhang Zhizhen, Wu Yibing, Zhang, Jerry –, “ Tom, Jerry, Carlos Alcaraz Organizations: CNN, Bublik, , Getty, ATP, WTA, IMG Academy, Nagal Locations: Germany, India, Melbourne, China, Melbourne ., AFP, Bradenton , Florida
CNN —Riot police fired tear gas, flash grenades and used batons to disperse demonstrators in Russia’s Bashkortostan region after a local activist was sentenced on Wednesday to four years in prison. Some 20 people have been detained by police, according to OVD-Info, an independent Russian protest monitoring group. Thousands of demonstrators gathered outside a public building in the remote town of Baymak, with some waving the blue, white and green flag of Bashkortostan region, which neighbors Kazakhstan. Protesters were heard to cry "shame" at police officers as they tried to disperse the crowds with tear gas. In another, protesters were seen throwing snowballs at police holding riot shields.
Persons: Alsynov, Organizations: CNN — Riot, Novosti, Bashkortostan’s Ministry, Internal Affairs, CNN, Reuters, OVD, Tatars Locations: Russia’s Bashkortostan, Russia, Baymak, Bashkortostan, Kazakhstan, Ukraine
BEIJING (Reuters) - Around 1,000 tourists remain stranded in a remote holiday village after avalanches hit China's northwestern Xinjiang region with metres-high snow and fickle weather impeding evacuation, state TV reported on Tuesday. Road access to Hemu village, a scenic destination near the borders of Kazakhstan, Russia and Mongolia where the tourists were trapped, has been cut off by avalanches for several days now. The village is situated in Xinjiang's Altay Prefecture where continuous snowfall in some areas has lasted 10 days, it said. Snow brought by the avalanches reach as high as seven metres in some parts and in many, was higher than snow clearing equipment, CCTV said. A military helicopter scheduled to send supplies - such as flour and fuel - to Hemu village was delayed on Tuesday morning, CCTV said.
Persons: Snow, Zhao Jinsheng, Zhao, Liz Lee, Qiaoyi Li, Raju Gopalakrishnan Locations: BEIJING, Xinjiang, Kazakhstan, Russia, Mongolia, Xinjiang's Altay Prefecture, Altay, Hemu
However, the number of new companies in Russia with cofounders from former Soviet republics and China has soared in those two years, per Vedomosti. Companies with cofounders from former Soviet republics including Belarus, Kyrgyzstan, and Kazakhstan accounted for 59% of all new companies that established operations in Russia last year, per Vedomosti. AdvertisementCompanies with cofounders from China accounted for 25% — or 1,500 — of new companies in Russia over the first 10 months of 2023. AdvertisementMeanwhile, Russian businesses overseas have also been moving their assets home amid the pressures of Western sanctions and a push by President Vladimir Putin's regime. This still marks a huge decrease from 14% of new companies registered in 2021.
Persons: , cofounders, Mikhail Nikolayev, ACRA, Vladimir Putin's Organizations: Service, Business, cofounders, Companies Locations: Russia, Moscow, Ukraine, Soviet, China, Belarus, Kyrgyzstan, Kazakhstan, Turkey, India, Russian
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