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☆ Miners Being Evacuated After Fire at Evraz-Owned Mine in Russia
▼ + stars: | 2023-10-10 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - Miners were being evacuated from a coal mine owned by Russian steel producer Evraz in the Kemerovo region after a fire broke out, local emergency services said on Tuesday. "Evacuation of the miners is being carried out," the Kemerovo emergency services said, reporting that a degassing box had caught fire on the surface. "There was a report of a fire on the territory of the Yerunakovskaya mine, the mine was stopped, the workers are independently rising to the surface," Interfax quoted emergency services as saying earlier. Interfax quoted a Raspadskaya spokesperson as saying that the fire would not affect operations. "There is no open fire, but people are being taken out according to regulations," Interfax quoted the spokesperson as saying.

Persons: Evraz, Alexander Marrow, Kirsten Donovan, Jason Neely Organizations: Reuters Locations: MOSCOW, Russian, Kemerovo

An employee counts Russian 1000-rouble banknotes in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration/File photo Acquire Licensing RightsOct 10 (Reuters) - The Russian rouble dived towards a more than an 18-month low on Tuesday before paring most losses in a volatile session, under pressure from domestic demand for foreign currency and a drop in oil prices. By 1034 GMT, the rouble was 0.3% weaker against the dollar at 99.63 . It had lost 0.8% to trade at 105.55 versus the euro and shed 0.4% against the yuan to 13.64 . "The bank may show a record profit of 1.5 trillion roubles for the year."

Persons: Maxim Shemetov, Sber, Yevgeny Kogan, Alexander Marrow, Ed Osmond, Gareth Jones Organizations: REUTERS, Bank of Russia, Russia's Higher, of Economics, Thomson Locations: Moscow, Russia, Russian, Brent

REUTERS/Maxim Shemetov/Illustration Acquire Licensing RightsOct 9 (Reuters) - The rouble rebounded after slumping to a more than 18-month low against the dollar on Monday in a volatile session, still hampered by reduced foreign currency supply but eventually latching on to higher oil prices to gain ground. By 1500 GMT, the rouble was 0.7% stronger against the dollar at 99.75 , recovering from hitting 102.3450 earlier, its weakest point since March 23, 2022. The Russian currency tumbled to a record low 121.5275 in the weeks after Moscow's February 2022 invasion of Ukraine. The rouble had gained 0.5% to trade at 105.24 versus the euro and firmed 0.6% against the yuan to 13.64 . The rouble-based MOEX Russian index (.IMOEX) was 0.9% higher at 3,172.2 points, earlier reaching a near one-month high.

Persons: Maxim Shemetov, rouble, Alexei Antonov, Alexander Marrow, Angus MacSwan, Mark Potter, Gareth Jones Organizations: REUTERS, Bank of Russia, Reuters, Brent, Thomson Locations: Moscow, Russia, Ukraine

A view shows a Russian one rouble coin in front of a screen in this illustration picture taken August 22, 2023. By 1125 GMT, the rouble was 1.8% weaker against the dollar at 102.18 , its weakest point since March 23, 2022. The Russian currency tumbled to a record low 121.5275 in the weeks after Moscow's February 2022 invasion of Ukraine. The rouble had lost 1.9% to trade at 107.76 versus the euro and shed 2.1% against the yuan to 14.01 . The rouble-based MOEX Russian index (.IMOEX) was 1.3% higher at 3,184.6 points, a near one-month high.

Persons: Maxim Shemetov, rouble, Alexei Antonov, Alexander Marrow, Angus MacSwan, Mark Potter Organizations: REUTERS, Bank of Russia, Reuters, Brent, Thomson Locations: Russian, Israel, Gaza, Ukraine

☆ Russian airline aims for patched up Airbus to take off from field where it landed
▼ + stars: | 2023-10-09 | by ( Gleb Stolyarov | ) www.reuters.com time to read: +3 min

The Airbus A320 which had been flying from Sochi to Omsk with 167 people on board, landed safely in the field in western Siberia's Novosibirsk region on Sept. 12. Ural Airlines said a hydraulics fault was to blame. "According to the preliminary technical assessment of specialists, the aircraft is in good condition," Ural Airlines said in a statement. "Several options are being considered for the plane taking off from the field," Ural said, such as the plane's seats being removed to make the aircraft lighter. Ural Airlines did not respond to Reuters' questions about any contacts with Airbus, repair costs or any risks to its plan.

Persons: Alexey Malgavko, Gleb Stolyarov, Alexander Marrow, Mark Potter Organizations: Airbus, Ural, REUTERS, Ural Airlines, West, Boeing, Reuters, CFM International, Thomson Locations: Sochi, Omsk, Kamenka, Novosibirsk, Russia, Ural, Siberia, Ukraine, Siberia's Novosibirsk, Moscow

☆ Russian rouble hits more than seven-week low past 101 vs dollar
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Oct 6 (Reuters) - The Russian rouble weakened on Friday, dropping to a more than seven-week low past 101 against the dollar, under pressure from lower oil prices and the reduced supply of foreign currency from exporters at the start of the month. At 0645 GMT, the rouble was 0.6% softer against the dollar at 101.02 , having earlier touched 101.50, its weakest since Aug. 14. It had lost 0.6% to trade at 106.40 versus the euro and shed 0.6% against the yuan to 13.81 . Delayed action by the authorities and Russia's trade imbalance - exports have contracted this year, while imports have recovered sharply - are causing the rouble's weakness, said Promsvyazbank analysts in a note. Brent crude oil , a global benchmark for Russia's main export, was up 0.1% at $84.15 a barrel, near its lowest since late August.

Persons: Vladimir Putin, Brent, Alexander Marrow, Jan Harvey Organizations: Bank of Russia, Thomson Locations: Russian, Ukraine, Russia's, Russia, U.S

[1/2] A view shows a Russian one rouble coin in front of a screen in this illustration picture taken August 22, 2023. REUTERS/Maxim Shemetov/Illustration/File photo Acquire Licensing RightsOct 5 (Reuters) - The Russian rouble weakened past 100 to the dollar to a more than seven-week low as President Vladimir Putin spoke on Thursday, hurt by reduced foreign currency supply from exporters early in the month. By 1535 GMT, the rouble was 0.7% weaker against the dollar at 100.30 , its weakest point since Aug. 14. The rouble has lost support of a favourable month-end tax period that usually sees exporters convert FX revenues to meet local liabilities. "But this will happen either in the second half of the month or when the exchange rate goes above 100 roubles per dollar," Antonov said.

Persons: Maxim Shemetov, Russian rouble, Vladimir Putin, Putin, Bogdan Zvarich, Alexei Antonov, Antonov, Alexander Marrow, Angus MacSwan, Paul Simao, William Maclean Organizations: REUTERS, Brent, Thomson Locations: Russian, Sochi, United States, Ukraine, Moscow, Alor

☆ Putin Calls Canadian Parliament's Applause of Nazi Veteran 'Disgusting'
▼ + stars: | 2023-10-05 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - Russian President Vladimir Putin on Thursday called the Canadian parliament's standing ovations to honour a Ukrainian war veteran who served in one of Adolf Hitler's Waffen SS units "disgusting" and said it showed Moscow was right to "de-Nazify" Ukraine. Canadian Prime Minister Justin Trudeau last month formally apologised after the speaker of the Canadian House of Commons praised a Nazi veteran in the chamber while Ukrainian President Volodymyr Zelenskiy was present. The episode played into the narrative promoted by Putin that he sent his army into Ukraine last year to "demilitarise and denazify" the country. Kyiv and its Western allies say Russia's actions constitute an unprovoked war of aggression designed to grab territory. Ukrainian President Volodymyr Zelenskiy, who is Jewish, says Moscow's claims that his administration is run by Nazis are absurd.

Persons: Vladimir Putin, Adolf Hitler's Waffen, Justin Trudeau, Volodymyr Zelenskiy, Putin, Moscow's, Vladimir Soldatkin, Guy Faulconbridge, Alexander Marrow, Andrew Osborn Organizations: Adolf Hitler's Waffen SS, Canadian, Commons, Nazi Locations: MOSCOW, Ukrainian, Moscow, Ukraine, Kyiv

☆ Russia's Shoigu, Gerasimov Meet Commanders of Troops Fighting in Ukraine
▼ + stars: | 2023-10-05 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

MOSCOW (Reuters) - Russian Defence Minister Sergei Shoigu and General Valery Gerasimov, chief of the general staff, held a meeting with the commanders of troops fighting in Ukraine, the defence ministry said on Thursday. It was not immediately clear where the meeting took place. The ministry broadcast footage of the meeting, at which Shoigu addressed the training of servicemen and volunteers in reserve units. He said he had inspected such regiments in Russia's southern military district on Thursday. (Reporting by Reuters; Writing by Alexander Marrow; Editing by Toby Chopra)

Persons: Sergei Shoigu, Valery Gerasimov, Shoigu, Alexander Marrow, Toby Chopra Organizations: Russian Defence, Reuters Locations: MOSCOW, Ukraine

☆ Putin repeats assertion that Russia did not start war in Ukraine
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Russian President Vladimir Putin attends a meeting with the crew of the Alyosha T-80 tank, which destroyed a Ukrainian armoured convoy on the Zaporizhzhia direction in the course of Russia-Ukraine conflict, at the Kremlin in Moscow, Russia August 24, 2023. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS/ File Photo Acquire Licensing RightsOct 5 (Reuters) - President Vladimir Putin on Thursday reiterated his position that Russia did not start the war in Ukraine but launched what it calls a "special military operation" to try to stop it. In his yearly speech to the Valdai Discussion Club, being held in Sochi, Putin said Russia, the world's largest country by area, had no need to take territory from Ukraine. He said the conflict was not therefore imperial or territorial but about the global order, and that the West, which had lost its hegemonic power and always needed an enemy, had lost touch with reality. Reporting by Vladimir Soldatkin and Guy Faulconbridge; Writing by Alexander Marrow; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Putin, Mikhail Klimentyev, Putin, Vladimir Soldatkin, Guy Faulconbridge, Alexander Marrow, Kevin Liffey Organizations: Kremlin, Sputnik, REUTERS, Thomson Locations: Russia, Ukraine, Moscow, Kremlin, Sochi

☆ Russian car sales jump in September as Chinese brands expand market share
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Workers walk past new Chinese cars unloaded from a ship at a commercial port in Vladivostok, Russia August 25, 2023. REUTERS/Tatiana Meel Acquire Licensing RightsOct 4 (Reuters) - Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their market share. Chinese firms are also increasing their sales in Russia with vehicle assembly at factories vacated by the likes of Renault and Nissan, Reuters has found. Avtovaz raised its forecast for passenger car and light commercial vehicle sales in the Russian market in 2023 to 1 million last week, from its previous estimate of 875,000. Reporting by Gleb Stolyarov and Alexander Marrow Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Tatiana Meel, Autostat, PPK, carmaker, Avtovaz, Gleb Stolyarov, Alexander Marrow, Mark Potter Organizations: Workers, REUTERS, Lada, Chery, Geely, HK, Renault, Nissan, Reuters, Thomson Locations: Vladivostok, Russia, Ukraine, Western

☆ Kremlin: Russian government closely involved in tackling debt problems at Rusnano
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

A board with the logo is on display on the office building of the Russian state-owned technology company RUSNANO in Moscow, Russia, November 17, 2016. REUTERS/Sergei Karpukhin/File Photo Acquire Licensing RightsMOSCOW, Oct 4 (Reuters) - The Kremlin on Wednesday said the Russian government was closely involved in tackling problems at state nanotechnology company Rusnano, which this week warned of its inability to make debt repayments and possible bankruptcy without state support. Citing the company's first-half report, the Interfax news agency reported on Rusnano's debt trouble on Tuesday. Rusnano said it was currently demonstrating signs of insolvency and warned that bankruptcy was possible should its shareholders - the Russian state - fail to adopt measures to improve its financial situation, Interfax reported. "There really are problems there, and it is an issue the cabinet of ministers is dealing with very closely."

Persons: Sergei Karpukhin, Rusnano, Dmitry Peskov, Anastasia Lyrchikova, Alexander Marrow, Mark Trevelyan, Guy Faulconbridge Organizations: REUTERS, Rights, Thomson Locations: Russian, Moscow, Russia

By 1150 GMT, the rouble was 0.6% stronger against the dollar at 99.17, having hit 100.2550 in early trade, a more than seven-week low. "There is still no cause for concern," Kremlin spokesman Dmitry Peskov told reporters. "Expensive oil and an increase in the key rate are improving the outlook for the rouble, but in the medium-term," Promsvyazbank analysts said. They expected the rouble to make a short-lived move beyond 100 to the dollar in the absence of new support measures from the authorities. "This level (100) is not a technical resistance, it's an important psychological barrier," said Alor Broker's Alexei Antonov.

Persons: Maxim Shemetov, Dmitry Peskov, Brent, Vladimir Putin's, Alexei Antonov, Lidia Kelly, Alexander Marrow, Andrew Heavens, Alison Williams Organizations: REUTERS, Bank of Russia, Reuters, Thomson Locations: Russian, Moscow, Russia, Ukraine, Melbourne, London

SummaryCompanies This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Oct 3 (Reuters) - Russian technology company Astra plans to open the books for an initial public offering (IPO) on the Moscow Exchange on Thursday, two financial market sources told Reuters, with trading due to start on Oct. 13. Sberbank, Gazprombank, Alfa Bank and Start Capital were chosen as organisers of the offering, said the sources, who asked not to be named because the information is private. Astra dominates Russia's operating system (OS) market with its Astra Linux software. ($1 = 98.3250 roubles)Reporting by Olga Popova and Gleb Stolyarov; Writing by Alexander Marrow; Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.

Persons: Olga Popova, Gleb Stolyarov, Alexander Marrow, Mark Trevelyan Organizations: Astra, Moscow, Alfa Bank, Start, Astra Group, Astra Linux, Thomson Locations: Russia, Ukraine, MOSCOW, Russian, Moscow

MOSCOW, Oct 3 (Reuters) - Russian technology company Astra plans to open the books for an initial public offering (IPO) on the Moscow Exchange on Thursday, two financial market sources told Reuters, with trading due to start on Oct. 13. Astra's listing, which is expected to result in a free float of about 5%, could breathe some life into Russia's moribund equity capital markets, which have been starved of deals since Moscow sent its troops into Ukraine in February 2022, prompting sanctions and the departure of Western bankers and lawyers. Reporting by Olga Popova and Gleb Stolyarov; Writing by Alexander Marrow; Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.

Persons: Olga Popova, Gleb Stolyarov, Alexander Marrow, Mark Trevelyan Organizations: Astra, Moscow, Thomson Locations: MOSCOW, Russian, Moscow, Ukraine

Oct 2 (Reuters) - Russian technology company Astra on Monday said it was planning to list its shares on Moscow Exchange this month in an initial public offering (IPO), potentially breathing some life into Russia's moribund equity capital markets. Electric scooter firm Whoosh (WUSH.MM) was the only Russian firm to hold an IPO last year, but its debut raised less than half its initial target and relied heavily on Russian retail investors for capital. Astra dominates Russia's operating system (OS) market with its Astra Linux software. Alfa Bank analysts valued Astra, which more than doubled its core earnings year on year to 5.4 billion roubles in 2022, at around 70 billion-90 billion roubles ($707 million-$909 million) in a report published on Monday. Also on Monday, spirits producer Kristall said it was hoping to raise 1.5 billion roubles in a fourth quarter IPO on Moscow Exchange, something it said would significantly accelerate growth.

Persons: pipemaker, Ilya Sivtsev, Sivtsev, Kristall, Alexander Marrow, Louise Heavens, Kirsten Donovan Organizations: Astra, Moscow, Astra Linux, Reuters, Alfa Bank, Moscow Exchange, Thomson Locations: Russian, Ukraine

In 2021, the year before Moscow launched its invasion of Ukraine, defence spending totalled 3.57 trillion roubles, 14.4% of total spending. In 2022, the share of defence spending rose to 17.7%, data on Russia's electronic budget page showed earlier this year. That may mean that defence spending will also be significantly higher than first envisaged. Moscow doubled its target for defence spending in 2023 to 9.7 trillion roubles, Reuters reported exclusively in August, citing a government document. EDUCATION, HEALTHCARE FREEZEAs defence spending in 2024 triples from pre-invasion levels, the share of spending on "national security", which covers funding for law enforcement agencies, is also rising, set to reach 9.2% in 2024, the documents showed.

Persons: Vladimir Putin, Mikhail Metzel, Anton Siluanov, Siluanov, Donets, Dmitry Peskov, Darya, Alexander Marrow, Philippa Fletcher Organizations: Sputnik, REUTERS, Defence, Reuters, CIS, Renaissance, Thomson Locations: Moscow, Russia, Kremlin, Ukraine, Russian

☆ Russia intercepts five HIMARS, JDAM bomb, 37 drones over Ukraine in last 24 hours
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: 1 min

MOSCOW, Oct 1 (Reuters) - Russia's defence ministry on Sunday said Russian air defences had intercepted five U.S.-made HIMARS shells, an air-launched JDAM bomb and 37 Ukrainian drones over Ukrainian territory in last 24 hours. The ministry said those interceptions had occurred on the territory where Russia is fighting what it calls a "special military operation". Separately, the ministry reported that its air defences had shot down six Ukrainian drones over Russian regions and two Ukrainian missiles over Crimea. Writing by Alexander Marrow; editing by Guy FaulconbridgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Alexander Marrow, Guy Faulconbridge Organizations: Sunday, Thomson Locations: MOSCOW, Russian, Ukrainian, Russia, Crimea

☆ UN mission arrives in Nagorno-Karabakh as ethnic Armenian exodus continues
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Refugees from Nagorno-Karabakh region ride in a truck upon their arrival at the border village of Kornidzor, Armenia, September 27, 2023. REUTERS/Irakli Gedenidze/File Photo Acquire Licensing RightsOct 1 (Reuters) - A United Nations mission arrived in Nagorno-Karabakh on Sunday, Azerbaijani media reported, as a mass exodus of ethnic Armenians from the region continued following a lightning Azerbaijani military offensive last month. The mission, led by a senior U.N. aid official, is the global body's first access to the region in about 30 years. Armenia has asked the World Court to order Azerbaijan to withdraw all its troops from civilian establishments in Nagorno-Karabakh and give the United Nations access. The World Health Organisation on Sunday said well over 100,000 ethnic Armenians from Nagorno-Karabakh had travelled to neighbouring Armenia.

Persons: Irakli, Hans Henri P Kluge, Alexander Marrow, Hugh Lawson Organizations: REUTERS, United Nations, Court, International Court of Justice, World Health, Sunday, WHO, Office, Thomson Locations: Nagorno, Karabakh, Kornidzor, Armenia, Azerbaijan, Europe

☆ Russia's Medvedev says British training troops in Ukraine could be legitimate targets
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

Medvedev, who is deputy chairman of Russia's Security Council, and has become an increasingly hawkish and anti-Western figure in Russian politics, said such steps by the West were bringing World War Three closer. "(This will) turn their instructors into a legal target for our armed forces," Medvedev wrote on Telegram. Medvedev then turned his focus to Germany, vilifying those who want Berlin to supply Ukraine with Taurus cruise missiles that could strike Russian territory and try to limit Moscow's supply to its army. Well, in that case, strikes on German factories where these missiles are made would also be in full compliance with international law," Medvedev said. "These morons are actively pushing us towards World War Three," Medvedev said.

Persons: Dmitry Medvedev, Medvedev, Grant Shapps, Alexander Marrow, Guy Faulconbridge Organizations: Russia's, Scientific, Machine, Sunday, Russia's Security, British Defence, NATO, Taurus, Thomson Locations: Reutov, Moscow, Russia, MOSCOW, Russian, Ukraine, Britain, Germany, Berlin

☆ Russia Intercepts Five HIMARS, JDAM Bomb, 37 Drones Over Ukraine in Last 24 Hours
▼ + stars: | 2023-10-01 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

MOSCOW (Reuters) - Russia's defence ministry on Sunday said Russian air defences had intercepted five U.S.-made HIMARS shells, an air-launched JDAM bomb and 37 Ukrainian drones over Ukrainian territory in last 24 hours. The ministry said those interceptions had occurred on the territory where Russia is fighting what it calls a "special military operation". Separately, the ministry reported that its air defences had shot down six Ukrainian drones over Russian regions and two Ukrainian missiles over Crimea. (Writing by Alexander Marrow; editing by Guy Faulconbridge)

Persons: Alexander Marrow, Guy Faulconbridge Organizations: Sunday Locations: MOSCOW, Russian, Ukrainian, Russia, Crimea

☆ Putin signs decree permitting Italy's Intesa to sell Russian assets
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

Russian President Vladimir Putin delivers a speech during a concert dedicated to the 100th birth anniversary of Soviet and Russian poet Rasul Gamzatov at the State Kremlin Palace in Moscow, Russia, September 28, 2023. Sputnik/Aleksey Nikolskyi/Kremlin via REUTERS/file photo Acquire Licensing RightsMOSCOW, Sept 29 (Reuters) - Russian President Vladimir Putin has signed a decree giving Italian bank Intesa Sanpaolo (ISP.MI) permission to sell or dispose of its assets in Russia, a document posted on a Russian government website showed on Friday. The latest decree said Moscow was permitting transactions that would lead to the direct or indirect disposal of 100% of Intesa's shares. It stopped new financing to Russian clients and fresh investments in Russian assets when the conflict broke out. The green light for Intesa could pave the way for similar approvals for other lenders still entangled in Russia.

Persons: Vladimir Putin, Rasul Gamzatov, Aleksey Nikolskyi, Putin, Intesa, UniCredit, Maxim Rodionov, Alexander Marrow, Susan Fenton, Mark Potter Organizations: Sputnik, REUTERS, Rights, Reuters, Raiffeisen Bank, Thomson Locations: Russian, Moscow, Russia, Kremlin, Ukraine

☆ Russia mulls joining China in banning Japanese seafood imports
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Japan started releasing the water from the plant into the ocean last month, drawing strong criticism from China. Russia is one of the biggest marine product suppliers to China and is seeking to increase its market share. "Taking into account the possible risks of radiation contamination of products, Rosselkhoznadzor is considering the possibility of joining with Chinese restrictions on supplies of fish products from Japan," Rosselkhoznadzor said in a statement. So far this year, Russia has imported 118 tonnes of Japanese seafood, the regulator said. Japan will scrutinise Tuesday's announcement by Russia, the top Japanese government spokesperson Hirokazu Matsuno said on Wednesday.

Persons: Kim Kyung, Rosselkhoznadzor, Hirokazu Matsuno, Matsuno, Alexander Marrow, Olga Popova, Katya Golubkova, Bernadette Baum, Gerry Doyle Organizations: Food, REUTERS, China, Japan, International Atomic Energy Agency, IAEA, Japan's Ministry, Environment, Thomson Locations: Soma, Fukushima Prefecture, Japan, Russia, Moscow, Russian, China, South Korea, Tokyo

☆ US sanctions authority delayed KFC's Russia exit -franchise owner
▼ + stars: | 2023-09-25 | by ( Elena Fabrichnaya | ) www.reuters.com time to read: +3 min

It's OFAC office issued compliance guidance to the industry regarding the exit tax in the form of FAQs, or frequently asked questions, on Feb. 24, 2023, while negotiations on KFC's exit deal were still ongoing. The deal included all its Russian KFC restaurants, operating system and the trademark for the Rostic's brand. Once the buyers were approved, taking this new requirement into account, another one appeared - the budget contribution termed an "exit tax" by Washington - Levin said. "The closure was delayed again, the correct procedure on paying the exit tax was agreed," Levin said. Former KFC restaurants began opening in April as Rostic's, reviving a brand born soon after the collapse of the Soviet Union.

Persons: Maxim, Sergei Levin, Levin, McDonald's, It's, Konstantin Kotov, Andrey Oskolkov, Elena Fabrichnaya, Alexander Marrow, Matt Scuffham, Timothy Gardner Organizations: Brands Inc, KFC, REUTERS, U.S . Office, Foreign Assets Control, Brands, Treasury, Smart Service, Russian KFC, Washington, Soviet Union, Rostic's, Thomson Locations: Russia, Moscow, Ukraine MOSCOW, U.S, Unirest, KFC's U.S, Ukraine, Russian, Soviet

☆ U.S. Senator Peters expresses concern about Nagorno-Karabakh situation
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

NEAR KORNIDZOR, Armenia, Sept 23 (Reuters) - A U.S. senator, leading a congressional delegation to the Armenia-Azerbaijan border on Saturday, said international observers were needed to monitor the situation in Nagorno-Karabakh, adding that people were "very fearful" about what was happening there. Gary Peters, a U.S. senator leading a congressional delegation to the Armenia-Azerbaijan frontier to monitor the situation in Nagorno-Karabakh, uses binoculars to look at a border-crossing point on a road near the village of Kornidzor, Armenia, September 23, 2023. REUTERS/Irakli Gedenidze Acquire Licensing Rights"I am certainly very concerned about what’s happening in Nagorno-Karabakh right now, I think there needs to be some visibility," Gary Peters, a Democrat from Michigan, told reporters on the border. Russia said earlier that Armenian fighters in Karabakh had started to give up arms as some humanitarian aid reached the 120,000 Armenians living there after Azerbaijan defeated their forces. Reporting by Felix Light; Writing by Alexander Marrow Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Gary Peters, Irakli, Felix Light, Alexander Marrow, Gareth Jones Organizations: REUTERS, Democrat, Azerbaijan, Thomson Locations: KORNIDZOR, Armenia, U.S, Azerbaijan, Nagorno, Karabakh, Kornidzor, Michigan, Russia

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