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Fire Breaks Out at Russian Airport Day After Moscow Blames Kyiv For Drone Strikes

RUSSIA
  • AP report that a fire broke out early Tuesday at an airport in Russia’s southern Kursk region which borders Ukraine, the regional governor reported blaming a drone attack. The fire occurred the day after Moscow blamed Kyiv for drone strikes on two air bases deep inside Russia and launched another wave of missile strikes on Ukrainian territory.
  • The Ministry of Finance has proposed to exempt sanctioned companies from income tax on income from the sale of shares in 2022, RBC report. Experts interviewed by RBC explain that such measures would mean companies face a lower tax burden when needing to sell shares of subsidiaries in order to protect them from the “50% rule”. The “50% rule” automatically imposes restrictions on a company if more than half of it belongs to an individual or legal entity included in the sanctions lists.
  • An oil tanker traffic jam has formed in Turkey following the EU’s introduction of a price cap on Russian crude supplies, the FT reported on Dec 5, with Turkish authorities demanding new proof of full insurance coverage. According to the FT, around 19 oil tankers were waiting in line to transit through Turkish waters on Dec 6.
  • The ban on investors from “hostile” countries from selling stakes in strategic assets in Russia, including the banking and oil sector, has been extended through 2023 by President Putin, Tass reports citing a document published on Monday. The ban was due to expire Dec 31.
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