Search Results for: Russian

The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).  Other financiers include the UK Infrastructure Bank, which will focus on the stretch within UK maritime and land territory, and the Japan Bank for International Cooperation (JBIC).…

In 2019, before Covid-19 knocked the industry off a seemingly unstoppable growth trajectory, 95 billion gallons of fuel was burned by commercial airlines worldwide said statistical service Statista.

Speaking to Petroleum Review, International Civil Aviation Organisation (ICAO) deputy director for environmental protection Jane Hupe said analysis undertaken by the UN agency found “that, by 2050, it would be physically possible to meet 100 percent of international aviation jet fuel demand with sustainable aviation fuels, corresponding to a 63 percent reduction in emissions.”…

Moscow’s action on 90% demineralized whey powder followed up an announcement made in March 19 by Prime Minister Mikhail Mishustin that from March 20 “for one month, all restrictions on the supply of essential goods, including customs, are cancelled”. This was followed up by a government plan allowing for the easing of sanctions-related restrictions – see http://static.government.ru/media/files/vBHd4YRxpULCaUNNTFLVpPSZbMCIA2Zq.pdf…

THE RUSSIAN government, while being praised for improving its AML/CFT efforts, has been asked by the Financial Action Task Force (FATF) to better probe complex ML cases and root corruption from banks and even AML institutions.

In its latest mutual evaluation report on Russia released today (December 17), FATF noted that “some parts of Russian law enforcement agencies have a corruption problem, including agencies charged with investigating ML” (although it did not name the tainted bodies).…

Businesses across the personal care product sector have expressed concern about a comprehensive national digital marking and traceability system that the Russian government plans to comprehensively put in place by 2024. A limited selection of products are being used to trial the system from the New Year and this includes perfumes.…

Indian steel manufacturers think that the Indian government will trim its support for their exports following the release of an adverse World Trade Organisation verdict in a subsidy dispute brought by the United States.

“The [Indian] ministry of commerce was already looking at revamping trade and tax policies, which includes scrapping certain export incentive schemes that have been now been termed as subsidies” by the United States, Arnab Kumar Hazra, assistant secretary general of Indian Steel Association told Metal Bulletin, “It might expedite the process after [the new] WTO announcement.”…

DISTRICT heating is an efficient way to provide heat, that can reduce carbon emissions compared to individual property-based heating. So, it is maybe heartening to learn that the Chinese central government and its municipalities are both growing district heating and encouraging the use of cleaner energies to power them.…

THE INCOMING European Commission may seek to further harmonise European Union (EU) food labelling rules on sugar content. This pledge comes from the nominee for new EU health commissioner, Stella Kyriakides, a Cypriot parliamentarian, whose EU role includes being responsible for food safety and standards.…

RUSSIA’S dairy industry has been trying to develop its size and sales while its government’s restrictions on European Union (EU) dairy imports remain, but there are questions about how well producers would cope with imports once these sanctions are, eventually, lifted.…

WITH anti-money laundering and combating the financing of terrorism (AML/CFT) controls becoming ever more comprehensive, strategic and widespread, the demand for trained AML/CFT professionals is growing. Salaries are increasing, as a result. This good compensation reflects the fact that AML work is becoming increasingly demanding because of regulatory requirements, said Michael Harris, director, financial crime compliance, at LexisNexis Risk Solutions.…