Startup gets funds from the Slovak government

Increased car sales in Lithuania

US moves ahead with Nord Stream 2 sanctions

Many Czech companies use EUR among themselves

The sanctions imposed on Russia by the Unites States, Canada, Norway and other Western countries, following the occupation of Crimea, did not in principle prevent the maintenance and expansion of economic relations between Russia and the individual EU member states.

In recent times, the transatlantic rift has been most visible in the discussions about two foreign policy issues: the re-imposition of sanctions on Iran and the pipeline project connecting Russia and Germany, known as Nord Stream 2.

Due to the new wave of the US sanctions Russia’s currency fell to its lowest USD value in almost two years. Similarly, the Russian stock market suffered some heavy losses.

Estonia’s exports up 17 per cent y/y

Shares of Russian companies fall on Moscow Exchange

On June 4th, Russian President Vladimir Putin signed a counter-sanctions legislation titled “On measures of influence (counteraction) on unfriendly actions of the United States of America and (or) other foreign states”.

Gazprom’s Dutch assets frozen

The US investors will complete deals in Russia

Sanctions imposed on Russia so far have cost Russia a loss of annual GDP growth of 1-1.5 percentage points. New sanctions may lead to further losses reaching 0.7-0.8 percentage points.