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Top StoriesUniper in Talks With German Government, Gazprom on Rouble Payment Scheme
Top StoriesTesla Recalls 48,000 U.S. Vehicles Over Speed Display
Top StoriesEurope Strains for Clarity as Russia Stands by Roubles-For-Gas Demand
FinanceNavigating Legal and Compliance Challenges When Starting Out
Vat 2022: What E-Commerce Retailers Need to Know
Date: April 28, 2022
By Anna Higgins, Strategy Program Director, Sovos Back in July 2021, the EU introduced new legislation designed to transform VAT compliance in the e-commerce space. In addition to enabling Member States to increase the amount of VAT collected on imported goods, the changes were designed to ease the administrative burden on businesses trading with and...
UK’s Sunak Followed Conflict of Interest Rules -Independent Advisor
Date: April 27, 2022
LONDON (Reuters) -British finance minister Rishi Sunak was found on Wednesday to have adhered to rules on conflicts of interest and the ministerial code in his and his family’s financial affairs, which had attracted sharp political and media criticism. Sunak’s wife – daughter of an Indian billionaire – confirmed this month that she had “non-domiciled”...
Hungary’s Otp Bank “pressured” by Ukraine to Sell Russian Unit, CEO Says
Date: April 27, 2022
BUDAPEST (Reuters) – Hungary’s OTP Bank, Central Europe’s largest independent lender, is under pressure from the government of Ukraine, where the bank is also present, to sell its Russian unit, Chief Executive Sandor Csanyi said on Wednesday. Earlier this month Csanyi said the bank would sell its Russian operation if there was a buyer, adding...
Could Putin Be Exploring Crypto to Bypass Western Sanctions and Does This Count Against the Long-Term Prospects of Crypto?
Date: April 27, 2022
By Henry Chambers, Senior Director, Disputes and Investigations at Alvarez & Marsal A great deal of debate has been taking place over the last few weeks as to whether Russian companies and individuals could use cryptocurrencies, such as bitcoin, as an alternative currency for transacting with and, indeed, whether this could bypass the western sanctions...
What Is the EU’s Stance on Russia’s Roubles Gas Payment Demand?
Date: April 27, 2022
By Kate Abnett BRUSSELS (Reuters) – Russia halted gas supplies to Bulgaria and Poland on Wednesday for rejecting its demand that European buyers start paying for Russian gas in roubles. The European Commission has said countries should not pay in roubles, and that complying with Russia’s request could breach European Union sanctions against Moscow over...
UBS Holds $22 Billion for Russians Subject to Swiss and EU Scrutiny
Date: April 26, 2022
ZURICH (Reuters) -UBS held roughly $22 billion in invested assets for Russian clients potentially affected by EU and Swiss measures imposed to punish Moscow’s invasion of Ukraine, including those not domiciled in Switzerland or the European Economic Area as of end-March, its quarterly report showed on Tuesday. Swiss banks hold up to $213 billion of...