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In relief to Russian pipelines US sanctions not to apply retroactively

Question: Is the sanctions targetting both gas and oil pipelines?

Answers: Thank you for your question. In accordance with the latest US State Department guidance, "the focus of implementation would be on energy export pipelines that (1) originate in the Russian Federation, and (2) transport hydrocarbons across an international land or maritime border for delivery to another country." [] We would assume hydrocarbon includes both oil and gas, but a deeper dive into the wording of the Sections 232 and 231 of the Countering America’s Adversaries Through Sanctions Act (CAATSA) would be required to definitely answer your question. Best regards, bne IntelliNews team

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EBRD to lend $10mn to Uzbek juice manufacturer

November 10, 2017

The European Bank for Reconstruction and Development (EBRD) will provide a $10mn loan to Agromir Juice, Uzbekistan’s leading juice manufacturer, the EBRD press office said on ...

IMF revises expected 2017 Kyrgyz growth down to 3.2% citing Kyrgyz-Kazakh trade dispute

November 10, 2017

The International Monetary Fund (IMF) said on November 8 that it expects Kyrgyzstan's economy to grow less than previously anticipated in 2017 due to its diplomatic spat with ...

Saudi Arabia mulls investments in Turkmen oil and gas

November 10, 2017

Saudi Arabia's Energy Minister Khalid al-Falih said on November 8  that "there are areas of investment for leading companies in Saudi Arabia in Turkmenistan." ... ...

Slovak and Czech oligarchs reportedly interested in buying CME from Time Warner

November 9, 2017

A group of Slovak and Czech oligarchs are reportedly interested in buying regional media and entertainment company Central European Media Enterprises, the Slovak Spectator reported on November 8. ...

EU calls for tax haven blacklist in Paradise Papers fallout

November 9, 2017

The finance ministers of the European Union member states have called for the creation of a blacklist of tax havens to crack down on tax dodging, the ministers said at a meeting in Brussels on ...

Russian fertiliser major Uralkali plans to delist in Moscow

November 8, 2017

Russia's potash major Uralkali has decided to delist from the Moscow Exchange and sell another 10% stake to fertiliser peer Uralchem, the company said on November 8. ...

Tourist arrivals in Croatia rise 6.2% y/y in September

November 8, 2017

If you are planning a holiday to Croatia, you may need to book early judging by the latest statistics. The number of tourists visiting Croatia staying in commercial accommodation rose ...

Azerbaijani parliament, president move to ban almost all lawyers from practice

November 8, 2017

Azerbaijani President Ilham Aliyev on November 7 approved amendments to the civil code voted in by parliament a week earlier that will effectively decimate the legal profession, APA news ...

Turkmen authorities limit cash withdrawals at foreign ATMs

November 8, 2017

Turkmen authorities have reduced the limit on cash withdrawals from ATMs abroad. The State Bank of Foreign Economic Activity (TDDYIB) said on November 6 that clients traveling ...

Founder of Croatia’s Agrokor arrested in London

November 8, 2017

The founder of Croatia's troubled food and retail giant Agrokor, Ivica Todoric, was arrested in London on November 7,  according to the Croatian interior minister, as quoted by local media. ...

Mediterranean Shipping Company eyes stake in Russian cargo major Transcontainer

November 7, 2017

One of the leading container shippers Mediterranean Shipping Company (MSC) wants to participate in the sale of major container shipping company Transcontainer, Kommersant daily said on ...

Report reveals Turkey's Tekfen awarded construction contracts worth $5bn by Azerbaijan

November 7, 2017

Tekfen Construction, one of the largest construction companies in Turkey, has won tenders for projects worth some $5bn from the Azerbaijani government and state-owned companies over the years, Trend ...

EBRD to open new office in Uzbekistan on November 8

November 7, 2017

The European Bank for Reconstruction and Development (EBRD) is to open a new office in Uzbekistan’s capital, Tashkent, on 8 November, the EBRD said in a statement on November ...

Kyrgyz authorities crack down on election runner-up Babanov

November 6, 2017

The Kyrgyz Prosecutor-General's Office announced on November 4 that it has opened a criminal case against Omurbek Babanov, the runner-up in October’s presidential ...

Russia may transit Turkmen gas to Eastern Europe, Turkmen gas official says

November 6, 2017

The chief executive of Turkmenistan’s state gas enterprise, Myrat Archayev, has said Russia might become a transit zone for Turkmen gas shipments to Eastern Europe. He made ...

Kazakh central bank revokes licence of troubled lender Delta Bank

November 3, 2017

Kazakhstan’s central bank has decided to revoke the licence of troubled lender Delta Bank and initiate the bank’s liquidation, the regulator said on November 3. ... ...

Five companies team up for "entirely Turkish-made car" project

November 3, 2017

Turkish President Recep Tayyip Erdogan on November 2 unveiled plans to produce the country’s first domestically made car by 2021. Turkish conglomerate Anadolu Group, carmaker BMC, Kiraca ...

Yaskawa breaks ground for Slovenian robot factory

November 3, 2017

Japan’s Yaskawa formally launched construction of its €25mn robotics factory in Slovenia’s Kočevje on November 2.  The new factory will supply around 80% of Europe’s needs for ...

Macedonian court sentences 33 ethnic Albanians over 2015 Kumanovo clashes

November 2, 2017

A court in Skopje has sentenced seven ethnic Albanians to life in prison and another 26 were given long-term sentences after they were found guilty of involvment in bloody clashes with the ...

Markit PMI: Czech manufacturing sentiment at strongest since April 2011

November 2, 2017

The IHS Markit Czech Republic Manufacturing PMI for October has signalled the strongest expansion in Czech manufacturing business sentiment recorded since April 2011. The index, released on ...