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US sanctions on Russia and 10 diplomats expelled
RUSSIA / FSU POLITICS · In Brief · 15 Apr 2021

On April 15 Washington announced additional sanctions and said these were hitting back for meddling in elections and for a huge cyberattack. US banks face extra restrictions on trading in Russian sovereign debt. 32 individuals who allegedly interfered in the 2020 elections are now subject to sanc...

Yandex faces investigation for manipulating searches
RUSSIA / FSU POLITICS · In Brief · 14 Apr 2021

On April 14 the Russian competition authority is investigating the nation's main tech company on suspicion that it is exploiting its market dominance. Yandex is accused of unfairly favoring its own services.The Federal Anti Monopoly Service said Yandex has not heeded an earlier warning. Shares in...

Russian timber company's IPO aims at USD 400 million
RUSSIA / FSU POLITICS · In Brief · 13 Apr 2021

On April 12 Segezha announced that it is launching an IPO in Moscow. However, no date has been set. Segezha has doubled its income since 2016. JP Morgan, UBS and VTB Capital are going to be global coordinators and bookrunners for the IPO.The IPO is anticipated to bring the company's value up to U...

Flights to Turkey severely limited
RUSSIA / FSU POLITICS · In Brief · 13 Apr 2021

On April 12 Moscow seriously restricted flights to Turkey. Over 500,000 Russians are seeking a refund. Flights to Turkey will be severely limited April 14 to June 1. That is because of an increasing number of coronavirus cases in Turkey. Flights to Tanzania have been temporarily banned.On April 1...

Kazkhstan banning foreigners from owning farm land
RUSSIA / FSU POLITICS · In Brief · 12 Apr 2021

On April 7 the Kazakh Parliament's lower chamber voted to forbid foreigners from buying or even renting agricultural land. The bill has to go to the upper chamber but it is almost certain to be approved. A 5 year ban was imposed in 2016 but that is due to expire. Some companies rented land before...

Belarus media freedom reduced almost to nil
RUSSIA / FSU POLITICS · In Brief · 12 Apr 2021

On April 9 legislators passed a law gravely limiting civil rights, the transmission of information. The expression of extremism was already criminal but the definition has been broadened to be anything that undermines the constitution or public safety. Insulting officials is now a crime as is dis...

Russia giving Twitter more time to delete illegal posts or face a ban
RUSSIA / FSU POLITICS · In Brief · 09 Apr 2021

On April 4 the government told the social media company that it has until mid May to take down unlawful statements. Roskomnadzor has already slowed Twitter to penalize it. Twitter allegedly permitted posts on narcotics, encouragement of child suicide and posts connected to child porn. Twitter vig...

Russia's space tourism company folds
RUSSIA / FSU POLITICS · In Brief · 08 Apr 2021

On April 6 the company, Kosmokurs, closed. It intended to send tourists to space via a private cosmodrome. The company said it was too difficult to coordinate its business plan with local government. The regulations were also impossible to comply with.The company was founded in 2014. Its aim was ...

Zoom backs down on ban on Russian State
RUSSIA / FSU POLITICS · In Brief · 08 Apr 2021

On April 8 Kommersant reported Zoom retracted its policy of not selling to the Russian government. Moscow has urged Russian companies to boycott Zoom in reprisal for the sale. Zoom has therefore revoked the ban.

Russia's Central Bank urges an end to price controls
RUSSIA / FSU POLITICS · In Brief · 07 Apr 2021

On April 7 the bank chief said that government caps on comestible prices have a delterious effect on the economy. The price limits were introduced in 2020. Market distortion has resulted. Opinion polls show that the Russian Number 1 concern is the cost of living. The government will be loath to r...

Zoom forbids sales to Russian State
RUSSIA / FSU POLITICS · In Brief · 07 Apr 2021

On April 7 Kommersant reported that the video conferencing platform banned its distributors from selling services to the Russian government and parastatal entities in Russia and some other former Soviet nations. Zoom's partner in Russia is RightConf. Sales licenses have been revoked from state ag...

Russian currency sliding
RUSSIA / FSU POLITICS · In Brief · 07 Apr 2021

On April 7 the RUB continued to lose value. It has lost 2% of its value since the beginning of the week and trades at 77.7 to the USD. That is its lowest since November 2020.The probable explanation for the RUB's fall is the heating up of the Ukrainian Conflict. This could lead to more Western sa...

Turkmen currency falling drastically
RUSSIA / FSU POLITICS · In Brief · 06 Apr 2021

On April 3 the Turkmen Manat (TMT) fell precipitously, losing 5% in one day. It is 40 to the USD on the black market. That is 50% lower than in January 2021. The TMT has slid since March 2020. Turkmenistan is heavily dependent on remittances from Turkmens who are guestworkers in other countries. ...

Foreign share of Russia's debt is lowest since 2015
RUSSIA / FSU POLITICS · In Brief · 06 Apr 2021

Statistics published by the National Settlement Depository on April 6 showed that less than 30% of public debt is foreign owned. Foreign investors have sold their holdings of Russian public debt in 2021 because they fret that a tightening of sanctions might impact them. The reduction of foreigner...

Twitter fined USD 117,000 by Russia
RUSSIA / FSU POLITICS · In Brief · 05 Apr 2021

On April 12 a court fined the social media giant for not taking down forbidden content. Cases against Facebook and YouTube are ongoing.In January 2021 these companies allowed posts to be published calling on people to demonstrate in favor of Navalny. Roskomnadzor accused those who posted these me...

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