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Russia has confirmed plans to raise a tax on foreign companies quitting the country. AdvertisementRussia has confirmed it will make it more expensive for foreign companies to quit the country. In March, RBC reported companies leaving Russia had already paid 35.7 billion rubles, or about $387 million, into Russia's budget. The process of leaving Russia is often complex, thorny, and costly. AdvertisementIn March, a Reuters analysis found that foreign companies had incurred costs of more than $107 billion in writedowns and lost revenue.
Persons: , Anton Siluanov, Siluanov, McDonald's, Alexei Moiseyev, Yuri Nikolaev, Nikolaev, LeaveRussia Organizations: Service, RBC, Partners, Kyiv Institute of Economics Locations: Russia, Ukraine, Russian, writedowns, West
Read previewRussia has officially replaced the commander of the Black Sea Fleet, awarding Vice Adm. Sergei Pinchuk the daunting role of overseeing naval operations in a region that has long troubled Moscow. Pinchuk is a career navy officer who previously served as the deputy to Adm. Viktor Sokolov, the former Black Sea Fleet commander. Russia's Black Sea Fleet warships take part in the Navy Day celebrations in the port city of Novorossiysk on July 30, 2023. Beyond its USV force, Kyiv has also used missiles to inflict damage on the Black Sea Fleet. You realize the enormous responsibility that rests on you," Shoigu said during the teleconference, according to the Russian defense ministry's statement.
Persons: , Sergei Pinchuk, Sergei Shoigu, Pinchuk, Viktor Sokolov, Sokolov, Shoigu, STRINGER, Aleksandr Moiseyev —, Konstantin Kabantsov Organizations: Service, Black, Fleet, Business, Russian, Black Sea, Russian Defense Ministry Press Service, Armed Forces, National Defense Control Center, AP, Ukrainian, Getty, Kyiv, Northern, Russian Federation, Ministry of Defense Locations: Russia, Moscow, Ukraine, Novorossiysk, Sevastopol, Crimean, Russian
CNN —Russian state media confirmed on Tuesday that the Kremlin replaced the head of the country’s navy following a string of successful Ukrainian attacks on its Black Sea fleet. Moiseyev replaces Adm. Nikolay Yevmenov, according to TASS, whose future had been the subject of speculation for weeks due to Russia’s repeated losses in the Black Sea. Ukraine claimed last month that it had disabled a third of the Russian Black Sea fleet in attacks which have most involved underwater drones. But those losses have prompted the Kremlin to redouble its efforts to fortify the Black Sea Fleet. Russian Defense Minister Sergei Shoigu effectively admitted that Ukraine had taken advantage of vulnerabilities in the Black Sea Fleet during a visit to its command post.
Persons: Alexander Moiseyev, Moiseyev, Nikolay Yevmenov, Sergei Shoigu, Shoigu, , Yevmenov Organizations: CNN, Kremlin, Russian Navy, TASS, Northern Fleet, Russian Defense Ministry, Russian Federation, Defense Ministry, Fleet, Russian Locations: Kronshtadt, St . Petersburg, Borskoye, Kaliningrad region, Russia, Ukraine, Russian, Ukrainian, Moscow, Crimea
The Russian battalion congregated at a training area near the village of Trudovske in occupied eastern Ukraine when the two missiles struck, The BBC reported Wednesday. Sources familiar with the incident told the outlet that the soldiers were gathered to await the arrival of a senior commander. Ukraine has yet to comment on the strike, but the BBC reported a US-made HIMARS launch system was used to fire the two missiles. In August, Ukraine said it launched a HIMARS attack on five Russian units gathered on a beach that resulted in 200 casualties and destroyed equipment. Some accounts at the time suggested the troops had been gathered to await a general's pep talk before a dangerous mission.
Persons: , Alexander Osipov, Osipov, Yaroslav Trofimov, Oleg Moiseyev, Vladimir Putin, Sergei Shoigu, Simon Miles, flack Organizations: Service, Russian, BBC, Business, Telegram, Wall Street, 29th Army of, Defense, Duke University's Sanford School of Public, Soviet Union Locations: Russia, Trudovske, Ukraine, Transbaikalia, Soviet, Russian
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