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Bloomberg | Bloomberg | Getty ImagesRussia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. The prediction will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine. In short, Russia has adapted to a "new normal" as its economy has been put on a war footing. The Washington-based IMF includes the U.S., U.K., the euro area's largest economies, Canada and Japan as advanced economies. "If you look at Russia, today, production goes up, [for the] military, [and] consumption goes down.
Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Kristalina Georgieva, CNBC's Dan Murphy, Georgieva, Elvira Nabiullina, Andrey Rudakov Organizations: Evraz Consolidated, Siberian Metallurgical, Bloomberg, Getty, International Monetary Fund, U.S, Sputnik, Afp, IMF, TU, CNBC, World Governments, Bank of Russia, Duma Locations: Evraz Consolidated West, Novokuznetsk, Russia, Germany, France, Ukraine, India, China, Russian, Urals, Nizhny Tagil, Washington, Canada, Japan, Europe, Asia, Kazan, Dubai, Soviet Union, Russia's
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
Downing Street referred requests for comment to the business ministry, which oversees Companies House, Britain’s public registry of companies. And, in most cases, if foreign companies purchased the property before 1999 or hold UK property in a trust they don’t need to publicly disclose the beneficial owners. The Cyprus-based company, A. Corp Trustee Limited, wasn’t listed on Britain’s new property register as of Tuesday morning. A listing on the UK’s new property register for Hanley Limited identifies the beneficial owner as a Swiss company called Pomerol Capital Sa. Ravellot also wasn’t on the new property register.
Alexander Frolov, the son of a sanctioned Russian oligarch, has left his tech investment firm. The UK sanctioned Alexander Frolov Senior on November 2. Alexander Frolov, the son of a sanctioned Russian oligarch, has left the venture capital firm he cofounded and ran, Target Global, amid ongoing concerns about Russian money flowing into European tech startups. The move was first reported by German publication FinanceFwd and was confirmed to Insider Monday by a spokesman for Target Global. The UK sanctioned Russian oligarch Alexander Frolov, formerly CEO of steel-mining firm Evraz, in November 2022.
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