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On September 20, EU Economics Commissioner Valdis Dombrovskis stated at an informal meeting of EU finance ministers in Denmark that the European Commission hopes to finance Ukraine in 2026 through a so-called "compensatory loan" using Russian assets. Dombrovskis said during a press conference: "Thats right. I outlined the concept of such a compensatory loan at the meeting. I want to say that there is a willingness to work constructively together. Indeed, member states consider this a viable approach. Now, we will obviously continue to work hard under all conditions. Because we need to complete all these preparatory work relatively quickly. Ukraine will need this funding starting in 2026."On September 20th, Optus Communications, Australias second-largest telecommunications operator, experienced a 13-hour network outage, disrupting emergency call services and resulting in four deaths. Australian Communications Minister Anika Wells stated on the 20th, "It is unacceptable that Optus failed Australians at their most critical moment." She emphasized that telecommunications companies are legally required to ensure unimpeded emergency call service. The communications regulator has launched an investigation.On September 20th, ECB board member Stournaras said the bank may have completed its current cycle of rate cuts, and any further easing would require a material change in the outlook for inflation and economic growth. He noted that while inflation is expected to remain slightly below 2% over the next few years and risks are tilted to the downside, this alone does not justify further rate cuts. "Overall, in an environment of uncertainty, we are in a good equilibrium—not a perfect equilibrium, but a good one," said Stournaras, considered a dovish policymaker. "There is no reason to adjust interest rates at this point." "We are data-dependent—if we see a change in the situation at our monetary policy meetings, we will adjust accordingly," Stournaras said. "But it would require a material change in the outlook for us to do so." These comments echo recent hawkish stances from some officials. Estonian Central Bank Governor Müller said on Friday that ECB policy was already somewhat accommodative and there was no reason to cut rates further.On September 20th, at NIO Day, NIO Chairman William Li Bin stated that the company is currently working hard to increase production capacity for the all-new ES8. If production capacity still fails to meet demand, NIO will cover the difference from next years NEV subsidy reduction.Ukrainian Security Service official: Ukrainian drones attacked an oil pumping station involved in exporting Russian oil through the port of Novorossiysk.

United States sanctions 27 Gazprombank executives and Russian television outlets

Aria Thomas

May 09, 2022 10:09

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To punish Moscow for its invasion of Ukraine, the United States imposed sanctions on Sunday on three Russian television stations, restricted Americans from providing accounting and consulting services to Russians, and sanctioned executives from Gazprombank.


As President Joe Biden met digitally with G7 leaders and Ukrainian President Volodymyr Zelenskiy to discuss the war, the United States imposed new sanctions on Russian President Vladimir Putin in an effort to intensify pressure on him in response to his country's invasion of Ukraine.


The penalties taken against Gazprombank executives were the first affecting the massive Russian gas exporter, as the United States and its allies have refrained from pursuing actions that could impair gas supplies to Europe, Russia's primary client.


"It is not a complete block. We are not freezing Gazprombank's assets or preventing transactions with the bank "A senior official in the Biden administration informed reporters. "We're sending the message that Gazprombank is not a safe haven by punishing some of its senior business leaders... to send a chilling effect."


Sberbank, which owns one-third of Russia's banking assets, saw eight officials added to the sanctions list. In addition, Moscow Industrial Bank and its ten subsidiaries were included.


The new export restrictions, which included limits on industrial engines, bulldozers, wood goods, motors, and fans, were intended to degrade Putin's military effort. The official stated that the European Union is implementing more regulations on chemicals that flow directly into the Russian military endeavor.


Russia refers to its efforts in Ukraine as a "special operation" that is not intended to take territory, but rather to degrade its southern neighbor's military capabilities and catch those it considers to be dangerous nationalists. According to Ukraine and its allies, Russia initiated an unprovoked war.


Limited Liability Partnership In addition to Promtekhnologiya, seven shipping firms and a maritime towing company were sanctioned. The White House also announced that the Nuclear Regulatory Commission will freeze export licenses for sensitive nuclear materials to Russia.


The sanctioned television channels include the Joint Stock Company Channel One Russia, Television Station Russia-1, and the Joint Stock Company NTV Broadcasting Company, according to the White House.


It will be banned for Americans to provide accounting, trust and corporate formation, and management consulting services to Russians; however, legal services would continue to be permitted.

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