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Russia is seeking to collaborate with Elon Musk on a potential joint mission to Mars, with discussions expected soon, according to Kirill Dmitriev, a special envoy for President Putin. This initiative aims to enhance the capabilities of Russia's space agency, Roscosmos, and its nuclear corporation, Rosatom, amidst ongoing geopolitical tensions. Dmitriev emphasized the importance of creative progress and the need for international cooperation in space exploration.
RBI plans to appeal a Russian court ruling that mandates it and other Strabag shareholders pay €2.044 billion to Rasperia Trading Limited, which is unable to access its 24.1% share package due to sanctions. The bank may also pursue legal action in Austria to recover Rasperia's assets. Meanwhile, Kremlin officials warn that Western sanctions will have repercussions for those involved.
The Kremlin has warned that "unfriendly actions" against Russia will have consequences, following a court ruling that Strabag and its shareholders must pay over 2 billion euros to Rasperia Trading Limited. This ruling could impact the Russian subsidiary of Raiffeisen Bank International, which has nearly 6 billion euros in equity tied up. RBI plans to pursue legal action in Austria to access Rasperia's assets to mitigate potential losses.
Raiffeisen Bank International faces significant risks in Russia, highlighted by a recent court order linked to a failed deal. With around 6 billion euros in the country, the bank is caught between complying with local regulations and pressure from Western authorities to limit its Russian exposure. Kremlin spokesman Dmitry Peskov warned that hostile actions against Russia would have consequences, leaving the fate of Raiffeisen's frozen assets uncertain.
The Kremlin stated that unfriendly actions against Russia will have consequences, following a court ruling that ordered Raiffeisen Bank to pay 2 billion euros in damages. This ruling underscores the risks for Raiffeisen, the largest Western bank in Russia, as it navigates compliance with local regulations while facing pressure from Western authorities. The bank holds significant assets in Russia, including around 6 billion euros in international payments and deposits.
The Kremlin warned that "unfriendly actions" against Russia will have consequences, following a court order for Raiffeisen Bank to pay 2 billion euros in damages related to a failed deal. Raiffeisen, the largest Western bank in Russia, faces pressure to comply with local regulations while managing its significant exposure amid Western sanctions. The situation highlights the risks of operating in Russia, especially as the bank navigates frozen assets and legal challenges.
The Kremlin stated that "unfriendly actions" against Russia will have consequences, following a court order for Raiffeisen Bank to pay 2 billion euros in damages over a failed deal. Raiffeisen, the largest Western bank in Russia, faces pressure to comply with local regulations while managing its exposure to Western sanctions. The bank holds around 6 billion euros in Russia, primarily from international payments and local deposits.
Călin Georgescu's first-round victory in Romania's presidential election was annulled due to a massive, Russia-backed social media campaign that illegally boosted his profile. Influencers, some unaware of their involvement, were used to promote him, while investigations revealed significant financial backing for the campaign. Romanian authorities are now probing the funding sources, including a coder linked to over €1 million in donations and $7 million in cryptocurrency assets.
Pavel Durov, CEO of Telegram, appeared in a Paris court amid a criminal investigation into the platform's alleged facilitation of illegal activities. Arrested in August, he faces accusations of failing to prevent the spread of criminal content, leading to strict judicial supervision and a €5 million bail. Durov expressed surprise at being held accountable for user-generated content, while Russian officials claim the legal actions are politically motivated.
Russia's economy is facing severe challenges as the ruble plummets, hitting its lowest level since March 2022, amid ongoing sanctions and a war-focused domestic economy. The central bank has halted foreign currency purchases to stabilize the market, but inflation continues to soar, exacerbating economic instability. Despite some growth driven by oil and gas exports, the situation is deteriorating, with experts warning of a potential currency crisis.
Dmitry Peskov
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