Latviski English По-русски
Ceturtdiena 17.08.2017 | Name days: Oļegs, Vineta

Russia calls to halt economic activities of companies from EU, USA and other countries

(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUAlthough Russia is nearing a full economic crisis, there are politicians in Moscow who are prepared to worsen the already critical situation. Three deputies of the Russian State Duma have submitted a draft to the parliament that defines so-called aggressor states and measures that should be taken in order to defend Russia’s economy and market.

Authors of this initiative believe aggressor states are the ones that have introduced sanctions against Russia – Europe, USA and others. Russian parliamentarians with to deny companies and people from these countries the right to work in Russia, according to Nekā personīga programme of TV3.

Deputy of the ruling party United Russia Yevgeny Fedorov is a passionate supporter of Vladimir Putin. He often attends local media programmes and actively encourages Russian residents to stand against the west. Fedorov believes Russia has lost its sovereignty since the beginning of the ‘90s and has since been a colony of USA. American advisers, according to him, have completely overwritten Russia’s constitution. This is why it should be changed.

«What is the function of the American ambassador? He sits and puts cookies in front of his people, fills in tables and confirms which tasks have been completed. He receives reports for Russian ministers regarding preparations for Maidan. This is his function! This is his specialty. They [Americans] work in order for there to be a crisis [in Russia],» – believes Fedorov.

He and three of his associates had submitted a new draft to the State Duma at the beginning of December. Its goal is to protect Russia’s national economy and internal market from aggressor states. This is about Europe, USA and other countries that have introduced sanctions against people close to Putin and a number of different major Russian companies. Russian parliamentarians want to make sure companies registered in European countries and their citizens are denied to work in Russia.

The politician wants to turn against specific international companies present in Russia. He is serious the most about foreign auditor and consultancy companies, which have basically monopolized the Russian business. Authors of the initiative are concerned that these companies are too in-depth in the Russian economy and perform audits at strategically important companies.

Authors of the draft also believe foreign auditors work in the interest of their governments. This is why they are able to compile audit results of Russian companies in order to damage Russia’s interests.

This initiative has caused uproar from Putin’s enemies not only in Russia. Among them are the Institute of Modern Russia – an NGO based in New York. It warns that this law can cause catastrophic consequences for Russia’s economy. This means that if foreign companies leave the Russian market, even more foreign investors could turn away from Russia.
Editor of The Insider Roman Dobrohotov says the left-wind Fedorov does not have an authority among the Russian political elite. «I am completely certain that this draft has no chances to get through the parliament. At the same time, however, there may be restrictions in terms of finances. Our [the President’s] administration and parliaments will try to introduce some measures in order to improve the situation after the decline of our national currency,» – he comments.

Researcher of the Eastern European Political Research Centre Maris Cepuritis says calling the EU, USA and other countries aggressors is nothing new. «The use of the term aggressor is aimed to demonstrate that Russia is constantly in danger; that there is a constant risk of attack from outside and that Russia stands in defence. This is planned for internal consumption in order to mobilize society against some mystical and invented enemy,» – says Cepuritis.

If this draft is approved and comes into force, the Russian government will be authorized to limit economic activities of any foreign business present in the country.


Leave a reply

  1. Linda says:

    Does that mean if “foreigners” in Russia have to leave their workplaces etc the Russian citizens residing in Europe and the other states opposed to Russian aggression will be leaving their residences; workplaces, and so on. More vacancies for host nation citizens then! And lower house purchase prices. Happy New Year Russian citizens.

    Thumb up 0 Thumb down 0

Latvia’s annual inflation in July was one of the highest in Europe

Inflation indexes in Latvia and the UK both reached 2.6% in July, which is one of the highest indexes in the European Union, according to data published by Eurostat on Thursday, 17 August.

Kirsis withdraws his candidacy in favour of Aseradens

Riga City Council member Vilnis Kirsis has decided to withdraw his candidacy from the race to become chairman of Unity in favour of a different candidate – Economy Minister Arvils Aseradens.

Rinkevics expresses Latvia’s interest in maintaining political consultations with Palestine

On Thursday, 17 August, Latvia’s Foreign Affairs Minister Edgars Rinkevics met with the leader of Palestine’s diplomatic mission in Latvia, ambassador Taissir Al Adjouri, to discuss mutual relations between Latvia and Palestine and the peace process in the Middle East.

Putin grins to the world’s seven billionth baby, Lithuania wary of border incidents

Russian President Vladimir Putin paid a visit this Wednesday to Kaliningrad, the westernmost point of Russia, but the reports about his trip in the Russian enclave and over the border in Lithuania were strikingly different.

Survey: red considered the safest colour for a car

Most Latvian drivers consider red to be the safest colour for a car. The most popular, however, is black, according to results of a survey by Virši-A fuel trader.

airBaltic’s number of carried passengers reaches a record in second consecutive month

Latvian airBaltic airline carried 393,312 passengers in July 2017, which is 21% more than the same period last year. The number of passengers carried by airBaltic remains the highest it has ever been in the airline’s history, BNN was informed by the company.

Brivais vilnis: nearly all fish processing companies are experiencing losses

Currently nearly all fish processing companies in Latvia are experiencing major or minor losses, says Brivais vilnis chairman Arnols Babris.

American helicopters to perform low-altitude flights within Latvia’s airspace

U.S. Air Force Brigade’s Task Force Phoenix helicopters, which are stationed in Latvia as part of Atlantic Resolve operation, will be performing low-altitude flights from 16:00 to 18:00 from Lielvarde to Dobele on Friday, 18 August.

Healthcare Ministry’s state secretary Karlis Ketners may be replaced

Latvian Healthcare Ministry may replace its state secretary Karlis Ketners. It is possible he will be transferred to work at Finance Ministry, as reported by LTV.

Suspects in Europe's insecticide egg scandal before Dutch court

In the Netherlands, two men have been in court in relation to the scandal of eggs containing banned insecticide that has caused an EU-wide health scare and cost millions of euros of damages.

Indian national with fake documents apprehended on Latvian border

An Indian citizen travelling from Moscow on a bus was caught at Terehovo border control point in Latvia for presenting officers a fake EU family member’s resident card. No criminal process was launched. The person returned to the country he was travelling from.

Latvijas dzelzceļš will not have to pay dividends from last year’s profits

The government decided on Wednesday, 16 August, that Latvijas dzelzceļš will not have to pay dividends from last year’s profits, which were EUR 880,998.

Latvian citizenship provided to 103 people

The Cabinet of Ministers has issued an order to provide Latvian citizenship to 103 people through naturalization.

Estonian Inbank's profits reach EUR 5.7 million in six months

Estonian financial services' provided Inbank made a profit of 5.7 million euros in the first half of 2017, which is a 429.4% increase compared to the respective period in 2016.

Agriculture Ministry invites residents to sign up for measures to support fisheries

From 21 August onward, Rural Support Service plans to start accepting applications for projects to receive support from European Maritime and Fisheries Fund’s action plan for development of fisheries in 2014-2020 as part of projects Innovation, Productive Investments in Aquaculture and Fishing and Aquaculture project processing.

Estonia seeks to improve reputation of state as employer

As the Estonian Ministry of Finance wishes to boost the reputation and brand of the Baltic country's public sector, it has announced a procurement tender aimed at preparing an action plan for reaching these goals.

Warning: there may be short-term problems with Swedbank internet banking functionality

Because of Swedbank’s planned IT modernization work scheduled for the night to Thursday, 17 August, there may be short term problems with payment card and internet banking functionality, the bank warns.

Aseradens: neither Usakovs nor Lembergs should be allowed to become prime minister

If he became chairman of Unity, Economy Minister Arvils Aseradens would mobilize democratic forces to prevent the possibility of either Aivars Lembergs or Nils Usakovs becoming prime ministers, Aseradens said in an interview to 900 seconds programme of LNT.

Caksa believes increasing wages for doctors would improve politicians’ credibility

The planned wage increase in healthcare could be the first step towards improving politicians’ credibility, says Healthcare Minister Anda Caksa.

Bill Gates donates USD 4.6 billion, reduces shares in Microsoft

The co-founder of the U.S. computer software firm Microsoft, Bill Gates, has allocated to charity 4.6 billion U.S. dollars (3.9 billion euros), which is the philanthropist's highest donation since the year 2000.

LOSP proposes using electronic packing slip system to reduce fraud

An electronic packing slip system for goods would be invaluable for agricultural goods, because it would help push out and reduce VAT fraud, says Latvian Agricultural Organisation Cooperation Council.

Latvia and Russia agree on exchange of additional 3,000 universal permits for cargoes

Latvia and Russia will exchange 7,000 universal permits for international cargo transports in 2017. This will be the largest universal permit volume in the past 15 years, as reported by Road Directorate.

Sierra Leone hit by tragic mudslide

A tragic mudslide has taken place in Sierra Leone, where flooding in the capital Freetown caused a mudslide, in which nearly 400 people have been have died.

Talks with potential KVV Liepājas metalurgs buyers to conclude in August

Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis.

Estonian e-Residency programme in deal with Paymentwall

International payments facilitator Paymentwall in collaboration with the Estonian programme of e-Residency program started this week Passport, a new service, with which businesspeople around the world will have the opportunity to found an EU company and access payment and other supporting services via internet.