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Ambassador Stresses Every New US Measure is a Missed Opportunity to Improve Ties

RUSSIA

LOCAL NEWS

  • Russian Ambassador Antonov criticises export restrictions on the Moscow Institute of Physics and Technology, saying US continues its "destructive line of breaking ties" in areas that are not related to politics.
    • Antonov stressed that "every new restriction is a missed opportunity for the normalization of bilateral ties."
  • Russian oil companies have almost exhausted their free capacities for oil production and may not have enough to increase production unless they dramatically increase investment in drilling to get a chance to use their entire quota under the OPEC+ agreement
  • Accounts Chamber proposes to transfer part of the proceeds from excise taxes on tobacco to the consolidated budgets of the regions to reduce black market sales.
  • Since 2016, budget losses due to the sale of illegal products amounted to 295.6 billion rubles. Excise taxes on tobacco products bring about 3% of all federal budget revenues to the Russian treasury

Data/Events:

  • 1000GMT: CBR Deputy Gov Zabotkin speaks at higher school of Economics
  • 1300GMT: CBR Deputy Gov Yudaeva speaks at online news conference
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
EM BulletHomepagePolitical RiskPolitical Risk BulletBulletEmerging Market News
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
EM BulletHomepagePolitical RiskPolitical Risk BulletBulletEmerging Market News

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