The Russian aluminum giant RusAl may lose $15 million annually because of the eastward expansion of the European Union , RusAl Deputy General Director Alexander Livshits told reporters. He said that aluminum import duties in Eastern European countries joining the EU were lower than in current EU members and that duties would rise after they join the bloc.
He said the EU and Russia should sign an agreement under which the EU would compensate RusAl for the losses. Malta, Slovenia, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia signed an agreement Thursday to join the EU by May 2004, the Russia Journal reported.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America