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President Emmanuel Macron of France is making a surprise trip to New Caledonia, a French territory in the South Pacific that has been gripped by deadly unrest for more than a week, to hold talks with pro-independence leaders. Six people have died and hundreds have been injured since demonstrations by the Indigenous Kanak people turned violent early last week. Some local leaders expressed doubts that Mr. Macron, who is scheduled to arrive on Thursday, could defuse the tensions. Many in the Kanak community have accused Mr. Macron and France of reneging on an agreement that had put New Caledonia on a possible path to independence. Mr. Macron has refused calls to withdraw the amendment.
Persons: Emmanuel Macron, Macron, Jimmy Naouna Organizations: South Pacific Locations: France, New Caledonia, South, Indigenous, reneging
But the ruling falls far short of eliminating the bureau’s legal obstacles. Immediately after the ruling was announced, lawyers for the bureau, which is charged with preventing consumer abuse in the financial industry, began preparing dozens of legal filings to try to unfreeze its activities. Among them are requests to federal judges to end stays on new rules and on subpoenas to financial firms. While the Supreme Court’s ruling should resolve a few of the stays, the bureau will still struggle to overcome other roadblocks. He noted that Justice Samuel A. Alito Jr.’s dissent cited three recent consumer bureau actions that, in Justice Alito’s view, would be “major changes” in consumer protection law.
Persons: , Graham Steele, Samuel A, Alito Jr, , Alito’s Organizations: Consumer, Treasury Department
France’s military has mobilized and flown in “four additional squadrons to restore order,” according to French Interior Minister Gerald Darmanin. Macron will chair a defense and national security council on Wednesday, focusing on the violence, the presidential palace said. Others were equipped with larger rifles, firing bullets,” the French High commissioner to New Caledonia Louis Le Franc said. Theo Rouby/AFP/Getty ImagesFrench gendarme officers guard the entrance of the Vallee-du-Tir district, in Noumea, New Caledonia on May 14, 2024. FLNKS issued its own statement Wednesday both condemning the vote at the National Assembly and calling for an end to the violence.
Persons: Paris –, Gerald Darmanin, Emmanuel Macron, Macron, Charles Wea, Louis Mapou, New Caledonia Louis Le Franc, Franc, RNZ, Theo Rouby, unfreeze, Gabriel Attal, , ” Attal, FLNKS, “ FLNKS Organizations: CNN, New, New Caledonian, New Caledonia Louis, Radio New, Getty, Colonial, Noumea Accord, National Assembly, French, Kanak and Socialist National Liberation Locations: New Caledonia, Noumea, South Pacific, Australia, Fiji, Vanuatu, , New Caledonia, Pacific, Caribbean, Indian, France, Paris, China, United States, Radio New Zealand, Noumea , New Caledonia, AFP, Tir, White, Covid, Kanak
The interpreter, a longtime friend of Ohtani’s named Ippei Mizuhara, allegedly stole vast sums of money from a bank account established in Ohtani’s name. Mizuhara had unique access to Ohtani’s bank account, authorities say, because it was he who helped Ohtani create it in the first place in 2018 — which put him in a privileged position to take advantage of his client. Password managers help you generate and keep track of complex, secure passwords that aren’t easily guessed or cracked. And many password managers are also transitioning to support passkeys. This is another area where password managers can come in handy.
Persons: Shohei, Ohtani’s, Ippei Mizuhara, Mizuhara, It’s Organizations: CNN, Apple, Google, Microsoft
U.S. Sen. Bob Menendez, D-N.J., at center right, and his wife, Nadine Menendez, center rear, leave Manhattan Federal Court in New York City following his arraignment, March 11, 2024. Sen. Bob Menendez questioned a Treasury Department official Tuesday on curbing illegal finance as he prepares to stand trial in a month with his wife and two other men on federal bribery charges. Menendez also slammed the Biden administration for not stopping Iran under current sanctions from selling its oil to entities in countries including China. "None of that money has gone to Iran, and that money is not going to go directly to Iran," Adeyemo said. His wife, Nadine Menendez, and two of the businessmen, Wael Hana and Fred Daibes, will be tried with him.
Persons: Sen, Bob Menendez, Nadine Menendez, Wally Adeyemo, Menendez, Vladimir Putin, Biden, Adeyemo, John Kennedy, Wael Hana, Fred Daibes, Jose Uribe Organizations: Manhattan Federal, Treasury Department, New, New Jersey Democrat, Bloomberg, U.S . Department of Agriculture, Senate Foreign Relations Locations: Manhattan, New York City, New Jersey, New York, Ukraine, Iran, China, Venezuela, Israel, Egypt
But the company also had three canceled orders in January, giving it zero net orders for that month, the worst month for sales in years. Rebound from worst month since pandemicJanuary had been the worst month for sales for Boeing since airlines were struggling with massive losses during the pandemic. The last time Boeing had between one and three gross orders was in June, 2020, when it had only one jet order. The company sold 10 of the troubled 737 Max jets in February, all to unidentified customers. Southwest had planned to also take delivery of a total of 79 737 Max jets, but it no longer expects to get any of the 737 Max 7 jets it had hoped to get this year.
Persons: That’s, Max Organizations: New, New York CNN, Boeing, Alaska Airlines, Alaska Air, Southwest, Royal Brunei Airlines, United Airlines, Ryanair, Sun Express, , China Southern, FAA, Max, Federal Aviation Administration Locations: New York, Alaska, Singapore, United, Southwest, Air India, flydubai, Korean, – Air China, China Southern, Xiamen, Shandong, Donghai, China
Read previewCopying the way mortgages work in countries such as Canada and the UK could help thaw the frozen US housing market, experts say. Prospective buyers are also balking at paying such high mortgage rates, especially when national home prices are near record levels, fueling an affordability crisis. AdvertisementOffering portable mortgages would enable hesitant sellers to keep their rock-bottom mortgage rates when they move, potentially boosting overall inventory and transaction volumes. She suggested the best fix for the frozen housing market will be if inflation cools, the Fed cuts interest rates, and mortgage rates fall to historical norms. Fannie Mae and Freddie Mac, the government-sponsored enterprises that direct the mortgage market, would have to be on board to make mortgage portability a reality, but that doesn't appear to be the case.
Persons: , Julia Fonseca, Fonseca, Richard Martin, University of Georgia's Terry, Susan Wachter, Wachter, Fannie Mae, Freddie Mac Organizations: Service, Business, University of Illinois, University of Georgia's, University of Georgia's Terry College of Business, The Wharton School, Federal Reserve, Federal Housing Finance Agency, American Banker Locations: Canada, University of Illinois Urbana, Champaign, conservatorship
Ayana Dunlap has been working in tech since 2020. Even though she doesn't have the job she wanted as a kid, Dunlap found a different vocation she loves: technology. Dunlap didn't consider turning her knack for computers into her career until she was laid off from her sales job in June 2020. While working there, Dunlap was tasked with helping organizations prepare to return to the office, by setting up their desktops, routers and printers on-site. Some of the skills that helped Dunlap transition into tech without a bachelor's degree included oft skills she learned while working in hotels, namely, communication and customer service.
Persons: Ayana Dunlap, Dunlap, lockdowns, doesn't, she's, Weeks, Dyanne Organizations: Bank Policy Institute, CNBC, Montgomery County Community College, Washington , D.C, Widewaters Hotel, Magna Hospitality Group, Google Locations: Washington,, Cheltenham , Pennsylvania, Montgomery, Blue Bell , Pennsylvania, Washington ,, D.C, Scholas, New York, Gaithersburg , Maryland, Dunlap
The country’s public television channel, TVP, which essentially became a mouthpiece for the previous government, has been ripped off the air. Omar Marques/Getty ImagesBut Tusk – a politician with a reputation for pragmatism and restraint – showed his intentions within days of taking office. “It became symbolic of the excesses of the PiS government,” Bill said of TVP’s transformation into a Hungarian-style state-captured medium. “One of the unifying forces of PiS supporters is distrust, or even hatred, of Donald Tusk,” Kucharczyk said. Nonetheless, after eight years of populist rule that hardened the battle lines of Polish politics, much of the public is spoiling for a fight.
Persons: Donald Tusk, , , Jacek Kucharczyk, Tusk, , Kucharczyk, Stanley Bill, Bill, “ It’s, Andrzej Duda, PiS, Omar Marques, , Duda, ” Bill, ” Kucharczyk, TVP, ” Tusk, Ursula von der Leyen, Tusk’s, Jaap Arriens, messier Organizations: CNN, Law, Justice, of Public Affairs, Polish Studies, University of Cambridge, TVP, Twitter, National Media Council, Police, European Union, Locations: Poland, Polish, Warsaw, Hungarian, Tusk’s, Brussels, TVP
Opinion: A turning point in Ukraine
  + stars: | 2024-01-09 | by ( Opinion Michael Bociurkiw | )   time to read: +9 min
Last year, Ukraine passed legislation shifting its Christmas celebrations in line with many Western dates – a step to further distance itself from traditions commonly observed in Russia. As 2023 drew to a close, Russia launched the biggest air attack on Ukraine since the beginning of its full-scale invasion. The intensity and frequency of the attacks — on the back of reports that the Ukrainian counteroffensive is stalling and that western backers of Ukraine are holding back billions in funding — marks a major turning point in the war. While it’s impossible to put an exact number on Ukrainian war losses, anyone who visits the military portion of the Lychakiv Cemetary in Lviv can see that its expanded to almost maximum capacity. Ukraine scored a big win last week when the EU approved sanctions against Russia’s largest diamond producer, Alrosa, and its CEO.
Persons: Michael Bociurkiw, Odesa, Odesa CNN —, , Oleksandr Gimanov, Olha, Radkevych, Anatolii Stepanov, Volodymyr Zelensky, who’ve, Armed Forces Valeriy, who’s, Zelensky, Vladimir Putin, Le Cosmopolite, , won’t, Putin, Kira Rudik, Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Odesa CNN, OSCE, Getty, Armed Forces, expats, , European Union, Ukraine, Russia’s, EU, Holos Party Locations: Europe, Ukrainian, Odesa, Ukraine, Russia, AFP, Israel, United States, Russian, North Korea, Iran, Lviv, Kyiv, Belgium
Nov 9 (Reuters) - Russia's finance ministry on Thursday said the state would not take part in organising frozen asset 'exchanges', instead leaving that up to financial market players. International sanctions against Moscow over its invasion of Ukraine have blocked many Russian investors' access to securities held in jurisdictions outside the country, while Russian countermeasures have frozen Western funds within. "The decree ... creates legislative opportunities for conducting the "exchange" of frozen assets, the state will not take part in organising the exchange itself," the finance ministry said. Organising exchanges was down to brokers and other securities market participants, it said. "The decree refers to the use of foreign investors' funds in type-C accounts."
Persons: Vladimir Putin, Central Bank Governor Elvira Nabiullina, Nabiullina, Anton Siluanov, Siluanov, Darya Korsunskaya, Alexander Marrow, Toby Chopra, Bernadette Baum Organizations: Wednesday, Moscow, Central Bank Governor, Finance, Thomson Locations: Moscow, Russia, Ukraine
New York CNN —Sam Bankman-Fried was found guilty Thursday following a monthlong trial that was almost as wild as the rapid rise and fall of cryptocurrency exchange FTX itself. He was found guilty of stealing billions of dollars from accounts belonging to customers of FTX. During the trial, Bankman-Fried took the unusual – and risky – decision to testify in his own defense. “I was kind of busy and lazy and didn’t bother getting a haircut for long periods of time,” Bankman-Fried said. “No offense to the Kansas City Royals, but we didn’t want to be known as the Kansas City Royals of crypto exchanges,” SBF testified.
Persons: Sam Bankman, Fried, Bernie Madoff’s, Caroline Ellison, SBF’s, Mark Cohen, ” Cohen, , , Cohen, SBF, Ellison, ” SBF, Lewis Kaplan, Kaplan interjected, Bankman, Danielle Sassoon, , Sassoon, Organizations: New, New York CNN, Alameda Research, Miami Heat, American Airlines, FTX, New Orleans Saints, Kansas City Chiefs, Kansas City Royals, Kaseya, PR, Alameda Locations: New York, FTX, Bahamas, United States, Kansas City, Bankman, China, Alameda
Jim Jordan won't hold a third vote to become Speaker of the House. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Twenty-two Republicans voted against Jordan, sending him below the 200-vote threshold that former House Speaker Kevin McCarthy of California always managed to surpass during his own marathon, 15-round speakership fight in January. Six of the 18 Republicans that represent districts President Joe Biden won in 2020 voted against Jordan. Jordan will almost certainly remain chairman of the House Judiciary Committee, a post from which he has led the GOP's efforts to impeach Biden.
Persons: Jim Jordan, Pro Tempore Patrick McHenry, , Jordan, Pro Tempore Patrick McHenry of, He'll, Kevin McCarthy of, Hakeem Jeffries, Joe Biden, Kay Granger, Steve Scalise, wouldn't, renominating McCarthy, McHenry, Tom Emmer, CNN's Manu Raju, Biden Organizations: Pro Tempore, Service, New York Times, Washington Post, Times, Democratic, Republicans, Jordan Locations: Ohio, Pro Tempore Patrick McHenry of North Carolina, Kevin McCarthy of California, New York, Kay Granger of Texas, Louisiana, Minnesota, McHenry
‘The ultimate insider’Caroline Ellison offered crucial testimony this week against her former boss and ex-boyfriend, Sam Bankman-Fried. Like Bankman-Fried, Ellison faces the prospect of 110 years in prison if given a maximum sentence. Bankman-Fried’s defense team cross-examined Ellison for about six hours on Thursday in a meandering, halting back-and-forth that repeatedly prompted objections from the prosecution. The secret audio recordingCaroline Ellison, former chief executive of Alameda Research, leaves federal court in Manhattan on Thursday. Statements like the ones Ellison made in the recording are known as “prior consistent statements of a witness,” Estes said.
Persons: Sam Bankman, He’s, Caroline Ellison, Fried, Jane Rosenberg, , , Jordan Estes, Kramer Levin, , SBF’s, Ellison, Gary Wang, FTX, Sam, Judge Lewis Kaplan, Mark Cohen, Stephanie Keith, Christian Drappi, “ Sam’s, ” Estes, they’ve, , What’s, Estes, that’s, Mary, ” Prosecutors, there’s, ’ ” Estes, you’ve Organizations: New, New York CNN, Alameda Research, Reuters, US Attorney’s, Bloomberg, Getty, Alameda, Christian, , CNN Locations: New York, Alameda, Bahamas, Manhattan, Hong Kong, China
Bankman-Fried has pleaded not guilty to charges of stealing billions of dollars from customers at his now-defunct FTX cryptocurrency exchange. "He didn't think rules like 'don't lie' or 'don't steal' fit in to that framework," said Ellison, who ran Bankman-Fried's crypto-focused hedge fund Alameda Research. Ellison said Bankman-Fried asked her to falsify Alameda's financial statements to keep lenders at bay amid a downturn in cryptocurrency markets in 2022. BANKMAN-FRIED THOUGHT HE COULD BECOME U.S. PRESIDENTBankman-Fried was "very ambitious," Ellison said, adding that he "thought there was a 5% chance he would become president some day." Prosecutors have said that Bankman-Fried used customer funds as he pleased, and that the resulting shortfall caused FTX's collapse.
Persons: Caroline Ellison, Sam Bankman, Fried, Ellison, Bankman, Prosecutors, ELLISON Ellison, Jody Godoy, Luc Cohen, Noeleen Walder, Matthew Lewis Organizations: Alameda, Federal Court, Reuters, REUTERS Acquire, Alameda Research, Toyota Corolla, Prosecutors, Thomson Locations: New York City, U.S, Alameda, Bahamas, FTX, Binance, China, New York
"This is something that we have been constantly looking at, and using information that becomes available to tighten sanctions," she said. SOFT LANDING 'NOT ... I'm not saying soft landing is an absolutely sure thing. But I continue to think it's the most likely path," due to the resilience in the labour market and moderating wage pressure, Yellen told a briefing. Yellen said Washington was monitoring the potential economic impact of the escalating conflict, though it was unlikely a major driver of the global outlook.
Persons: Janet Yellen, Yellen, Biden, Washington, Ajay Banga, Banga, Antony Blinken, there’s, I'm, Andrea Shalal, Chizu Organizations: . Treasury, Hamas, Israel, World Bank, International Monetary Fund, Ukraine, Israeli, World, Thomson Locations: MARRAKECH, Morocco, Israel, Palestinian, United States, Gaza, Iran, U.S, IRAN, Washington, Qatar, Ukraine
Caroline Ellison testified that Sam Bankman-Fried paid millions in bribes to Chinese officials. AdvertisementAdvertisementCaroline Ellison testified at Sam Bankman-Fried's criminal trial Wednesday that she believed the disgraced crypto mogul paid "in the ballpark of $100 million" in bribes to Chinese government officials. When Alameda paid what I believe was a large bribe to Chinese government officials to get our accounts unlocked," Ellison said. AdvertisementAdvertisement"My impression is that they were unfrozen by paying a bribe," Ellison testified Wednesday. In it, Ellison listed "$150 million for the thing" among other big events for Alameda Research in 2021.
Persons: Caroline Ellison, Sam Bankman, Fried, Ellison, , Danielle Sassoon, David Ma, Ma, commingling, Lewis Kaplan, Kaplan Organizations: Service, Alameda Research, Alameda, Prosecutors, Bankman Locations: Alameda, China, Manhattan, California
U.S. Secretary of State Antony Blinken said Sunday that it is not clear there was any involvement by Iran in the weekend attack by Hamas on Israel. Iran has long been a supporter of Hamas, the group designated by the U.S. as a terrorist organization, whose attack on Saturday left at least 250 in Israel dead. "We have not yet seen evidence that Iran directed or was behind this particular attack, but there is certainly a long relationship," Blinken said on CNN's "State of the Union." Israel has since struck back at Hamas, including strikes in Gaza, and the country's Security Cabinet officially approved a "war situation." "Our first focus is to make sure Israel has what it needs to deal with the situation in Gaza.
Persons: Antony Blinken, Blinken, Michael McCaul, Biden, Israel Organizations: Hamas, U.S, Republican, CNN, country's Security Locations: Iran, Israel, unfreeze, U.S, Gaza, Lebanon
Opinion: The 2,000-year-old advice for coping in 2023
  + stars: | 2023-09-24 | by ( Richard Galant | )   time to read: +21 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. A surprising number claimed to think about the ancient empire as often as ‘every day’ or least every week or two. It became a meme (are you even in a relationship if she hasn’t asked you about the Roman Empire? They marvel at their absolute dominion, their mastery of every strand of civilisation — and then how that power suddenly slipped away. Biden on Wednesday took steps to speed up the ability of Venezuelans in the US to obtain work permits.
Persons: CNN —, , Lucius Annaeus Seneca, Seneca, Caligula, Claudius, Nero, Bobby McFerrin’s musing, David M, Perry, hasn’t, Jo Ellison, , Marcus Aurelius, that’s, David Perry, “ There’s, ” Perry, Paula M, Krebs, , Donald Trump’s, Ron DeSantis, Trump, , , ” Cupp, Roe, Wade, Cupp, he’s, Dean Obeidallah, Trump’s, Patrick T, Brown, Bill Bramhall, Content Agency Rupert Murdoch, Rupert Murdoch, Lachlan Murdoch, David Zurawik, Rupert, Murdoch, Roger Ailes, Richard Nixon, ” Murdoch “, Walt Handelsman, Kevin McCarthy, Max Burns, Donald Trump, today’s MAGA, ” Clay Jones, Chuck Schumer, Elena Sheppard, Sen, John Fetterman, baring, Fetterman, Kim Jong Un, Vladimir Putin, Kim Yo Jong, Sung, Yoon Lee, “ Kim Yo Jong, Kim, Kim Jong, ” “, Hunter Biden isn’t, Alexis Coe, George Washington’s, James Madison, Abraham Lincoln, Teddy Roosevelt, Ronald Reagan, George H.W, Bush, Hunter, … Hunter, Joe Biden, Biden, Peter Bergen, Mike Pence, … Biden, Bergen, ” Lisa Benson, Martin Sheen, Melissa Fitzgerald, Gurney, John F, Melissa, Andy, Michael Bociurkiw, ” Bociurkiw, Volodymyr Zelensky “, Zelensky, Lanhee J, Chen, ” Chen, Keir Giles, It’ll, Jennifer Wexton, Barbara Comstock, Alex Brandon, Jill Filipovic, Democrat “, ” Wexteon “, Eric Adams, Julian Zelizer . Biden, ” Don’t, David Horsey, Agency Frida Ghitis, Agatha Christie, China Adam H, Sobel, Holly Thomas, Russell Brand, Akanksha, Dan Perry, Gilead, Netanyahu government’s, Gene Seymour, Jann, Reggie B, Maren Morris, Matt Winkelmeyer, ” Maren Morris, Nicole Hemmer, Morris ’, Morris, Jason Aldean’s “, Oliver Anthony’s “ Rich, Richmond ”, “ Rich, ” Hemmer, Anthony himself, , Hemmer Organizations: CNN, Financial Times, West Virginia University, Modern Language Association, WVU, West Virginia, Republican, Press, Florida Gov, White, Content Agency, Content Agency Rupert Murdoch Media, Fox News, Capitol, Agency, Democratic, fied Republican Party, Republican Party, Justice Department, Qatari, Amnesty International, Kennedy Center, UN, Assembly, CBS, Ukraine’s, Republicans, Democrat, Progressive Supra, GOP, Walton, Mobile, North, Richmond Locations: Rome, Ukraine, TikTok, Roman, Roman Republic, Washington, , Korean, North Korea, Iran, Qatar, Russia, Moscow, Kyiv, Dulles , Virginia, Virginia, New York City, United States, China, Las Vegas , Nevada
The prisoner swap was all arranged, or so the American negotiators thought. After years of painstaking negotiations with Iran, secretly mediated by Persian Gulf nations, top aides to President Biden had finally struck a deal on June 6 that would free four Americans held in one of Iran’s most notorious prisons. In exchange, the United States would unfreeze $6 billion in Iranian oil revenue and drop charges against Iranians accused of violating U.S. sanctions. The U.S. negotiators knew there could still be last-minute hiccups, but things were moving forward. that Iran had seized another American citizen, a retired woman from California who was doing aid work in Afghanistan.
Persons: Biden Organizations: U.S, White Locations: Iran, Persian Gulf, United States, Tehran, California, Afghanistan
U.S.-Iran relations from 1953 coup to 2023 detainee swap deal
  + stars: | 2023-09-18 | by ( )   time to read: +4 min
1980 - The U.S. cuts diplomatic ties with Iran, seizes Iranian assets and bans most trade with Tehran. U.S. officials accuse Tehran of operating secret nuclear weapons program. 2013 - Hassan Rouhani is elected Iran’s president on a platform of improving Iran’s relations with the world and its economy. In September, Saudi Arabia’s state-run oil company is attacked by drones and missiles believed to be from Iran; Tehran denies involvement. 2023 - In August, Iran and the United States agree a swap of detainees and the unfreezing of $6 billion of Iranian assets in South Korea.
Persons: Dado Ruvic, Mohammed Mossadegh, Shah, Mohammed Reza Pahlavi, Shah Mohammed Reza Pahlavi, Ruhollah Khomeini, Jimmy Carter, Carter, Ronald Reagan, Reagan, George W, Bush, Barack Obama, Hassan Rouhani, Donald Trump, Qassem Soleimani, Ebrahim Raisi, Arshad Mohammed, Michael Georgy, Parisa, Samia Nakhoul, William Maclean Organizations: REUTERS, Rights, Central Intelligence, CIA, U.S, Embassy, Hostage, Islamic Revolutionary Guard Corps, Thomson Locations: Rights DUBAI, United States, Iran, South Korea, Qatar, U.S, Tehran, Iraq, North Korea, Britain, France, United, Fordow, Saudi Arabia’s, Baghdad, Vienna, Washington
A prisoner swap between the United States and Iran was expected to take place on Monday, according to a spokesman for the Iranian Foreign Ministry, after two years of high-stakes negotiations. As part of the deal, the United States had agreed to unfreeze $6 billion in Iranian oil revenue and dismiss federal charges against several Iranians accused of violating U.S. sanctions. The spokesman’s remarks were published on the website of the Iranian news agency ISNA. Mr. Kanaani said five Iranians, several of whom are permanent residents of the United States, were expected to be released. It was not immediately clear exactly how many of the Iranians would return to Iran, although Mr. Kanaani said it would be two.
Persons: Nasser Kanaani, Biden, Ebrahim Raisi, Kanaani Organizations: Iranian Foreign Ministry, United Nations Locations: United States, Iran, Tehran
The Russian foreign ministry did not immediately respond to a request for comment from Insider sent outside regular business hours. Some companies trying to exit Russia recently are facing demands of even steeper discounts, Reuters reported on August 25, citing three persons familiar with exit processes for foreign companies. Both firms had been trying to exit Russia for months before the seizures, before the sudden takeover. In July, Moscow targeted the Russian assets of food and beverage giants Danone and Carlsberg for seizures. A month later, in September, Russia demanded foreign banks unfreeze Russian assets if they wanted to exit the market.
Persons: Linklaters, , Vladimir Putin's, Germany's, Fortum —, Putin, Dmitry Peskov, Alexei Moiseev Organizations: Service, Yale University, Russia, Russian, Novaya Gazeta, Companies, Kremlin, Investors, Danone, Carlsberg, Financial Times, UBS, Credit Suisse —, Zenit Bank, Reuters, Raiffeisen Locations: Russia, Wall, Silicon, Ukraine, London, Russian, Moscow
Russia's deputy finance minister said the country will not let foreign banks exit the market easily, per Reuters. Russia's decision to allow the banks to leave will "depend on the decision to unfreeze Russian assets," he said. It is not clear how many of these Russian assets were frozen by Western banks. AdvertisementAdvertisementMoiseev said at the Friday forum that there's one foreign bank applying to sell its assets in Russia, per Reuters. That jumped to nearly $10 billion at the end of March 2023, per the FT.AdvertisementAdvertisementRussia's finance ministry, Kyiv School of Economics, Bank of China, Industrial & Commercial Bank of China, China Construction Bank, and Agricultural Bank of China did not immediately respond to requests from Insider for comment.
Persons: Alexei Moiseev, Vladimir Putin's, it's, , Moiseev, Raiffeisen Organizations: Reuters, Service, Yale University, Raiffeisen, Kyiv School of Economics, Bank of China, Industrial, Commercial Bank of, China Construction Bank, Agricultural Bank of, Financial Times, Agricultural Bank of China Locations: Russia, Wall, Silicon, Russian, Ukraine, Moscow, Commercial Bank of China, China, Agricultural Bank of China
Russia says it won't let foreign banks leave easily
  + stars: | 2023-09-01 | by ( )   time to read: +1 min
Russian Deputy Finance Minister Alexei Moiseev attends a session of the annual international military-technical forum "ARMY" at Patriot Expocentre in Moscow Region, Russia August 22, 2018. REUTERS/Maxim Shemetov/File photo Acquire Licensing RightsMOSCOW, Sept 1 (Reuters) - Russian Deputy Finance Minister Alexei Moiseev said on Friday that the government would not allow foreign banks to leave Russia easily. "We have stated our position and it stands - we will be tough in letting foreign banks go, it will depend on the decision to unfreeze Russian assets," Moiseev said, speaking at a forum. Responding to questions about applications to sell assets, Moiseev said Austria's Raiffeisen Bank (RBIV.VI) had not made such a request. "I am aware of one foreign bank's application to sell assets ... which is under consideration by the government commission," he said.
Persons: Alexei Moiseev, Maxim, Moiseev, Austria's, Elena Fabrichnaya, Felix Light, Bobrova, Hugh Lawson, Kevin Liffey Organizations: REUTERS, Rights, Austria's Raiffeisen Bank, Thomson Locations: Moscow Region, Russia, Ukraine, Western, Russian
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