Search Results for: Russia

GAZPROM has declared that it will fight the European Commission inquiry into possible dominant position abuses, even though the Russian position could be weak. The European Commission sent Gazprom a ‘Statement of Objections’ on April 22, accusing the Russian energy giant of abusing its dominant position in central and eastern European gas markets, a charge the company denies.…

Russia’s annexation of Crimea in March 2014, which followed swiftly on the heels of the Ukrainian Maidan revolution, triggered a rapid chain of events, and the country’s energy sector is likely to be transformed as a result. Recent weeks have seen tentatively positive political developments, with a ceasefire more or less observed in eastern Ukraine.…

THE ONWARD march of nonwovens production in Europe appears to be relentless, but the drivers behind it have changed in recent years. Early markets for disposable products have matured and levelled off in many countries and newer applications have taken up the slack.…

The Russian Federal Financial Monitoring Service (Rosfinmonitoring), Moscow’s financial intelligence unit (FIU), has singled out individual and commercial customers using Russian banks from 41 countries for special transactions reports. Among these countries on the “blacklist” are the U.S., Canada, the European Union (28 states), Australia, Norway, Iran, Syria, Sudan, New Zealand, Argentina, Mexico Switzerland, North Korea and Zimbabwe.…

TO discover the best intelligence on money laundering, sometimes it is best just to ask the money launderers. Take China. There are numerous ways of getting dirty money out of China. The most common include smuggling a satchel of banknotes to Hong Kong (where Chinese Yuan Renminbi (CNY) is convertible), where it is washed through an over-priced (for quick transaction) purchase of real estate in the city, several Hong Kong real estate agents told the Money Laundering Bulletin.…

MONEY launderers are always looking for a new opportunity to clean dirty money, and have been exploiting sales of French vineyards for the purpose. Criminal networks have to this end leveraged a combination of a flagging domestic property market, increasing foreign interest in French property and wine, and a general ignorance among the real estate professional community about money laundering risks.…

THE POLISH, Scottish, Austrian and Belgian meat sectors are significant winners in the latest announcement of European Union (EU) marketing financing designed to help food companies seize more sales within and outside the EU.
They will benefit from multi-million Euro sales and marketing programmes, 50% funded by the EU, announced yesterday (Tues April 21).…

THE CHINESE knitting sector facing transformation, being challenged by lacklustre economic performance in its key export markets, fast-rising domestic labour costs, as well as a determined government crusade for energy savings and emission reduction. The industry is, in general, cautiously optimistic about tackling these challenges and experts agree that if knitwear producers stick to their strategy of adding value through more sophisticated automation, they will manage to retain manufacturing supremacy over their south Asian and southeast Asian peers.…

EUROPEAN Union (EU) member states are now developing national policies that the EU has required to ensure that they have an adequate number of alternative transport re-charging and re-fuelling stations by 2020. This is deemed necessary to boost demand for vehicles running on alternative fuels in Europe.…

EXPORTERS of liquid milk and associated products to the European Union (EU) will have to work harder to secure sales in future from April 1, with the EU finally scrapping its production quotas from that date. They may also have to fend off new tough competition from EU exporters in their domestic markets.…