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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." [https://www.state.gov/e/enr/275195.htm] 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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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 ...

Romanian trade union confederation prepares to launch general strike

November 2, 2017

Romanian trade union confederation CNSLR Fratia announced on November 2 it has decided to start procedures to launch general strike, following the government’s decision to transfer social ...

Foreign assets of bankrupt Russian airline VIM-Avia's owners arrested

November 2, 2017

The High Court of Ireland has arrested foreign assets of Rashid Mursekayev, the owner of the bankrupt Russian airline VIM-Avia, at a request from a creditor, another Russian airline Volga-Dnerp, ...

Inflation in Russia approaches historical low

November 2, 2017

Inflation in Russia has been approaching a historic low and is likely to be kept well below the 4% target announced by the government. In the last week of October, inflation was at 0.2%, Rosstat, ...

Iranian-style KitKat may be headed for EEU as part of free trade deal

November 2, 2017

Iran is set to export biscuits and chocolate as part of a broader free trade deal with Eurasian Economic Union (EEU) states, Tehran’s Financial Tribune daily reported on November 1. Iranian ...

One-off events drive Warsaw Stock Exchange operator's profit to record high

November 2, 2017

GPW, the operator of the Warsaw Stock exchange, posted a net profit of PLN47mn (€11.1mn) in the third quarter, representing an annual growth of 18.9% y/y, the company said on October 31. The ...

Belarus's external state debt up 19.5% in January-September

November 2, 2017

The external state debt of Belarus totalled $16.3bn as of October 1, up by $2.7bn or 19.5% from early January, the Finance Ministry in Minsk reported on October 31. In ...

Russia and China may integrate Mir and UnionPay payment systems

November 1, 2017

Russia's nascent payment system card Mir could be integrated with Chinese payment systems, namely Union Pay, Prime Minister Dmitry Medvedev was cited as saying by RIA Novosti after an ...

Russian national air carrier Aeroflot posts weak results in January-September

November 1, 2017

Russian national flagship carrier Aeroflot posted a net income drop of 40% year-on-year to RUB25.5bn ($439mn) in January-September, with revenues posting modest growth of 4% y/y to RUB340.7bn and ...

Macedonia mulls new Eurobond issue

November 1, 2017

The Macedonian Ministry of Finance said on November 1 that no decision has yet been made on issuing a new Eurobond, even though international media reported that such a move is likely in the first ...

Automotive supplier Magna invests $30mn to expand in Slovakia

November 1, 2017

Automotive supplier Magna announced on October 31 it is investing $30mn in building and installing a new automated paint line in Slovakia. Slovakia is an attractive market for suppliers in ...

AmCham Romania warns of negative impact of new fiscal measures

November 1, 2017

The American Chamber of Commerce (AmCham Romania) expressed on November 1 its concern over the impact of the recently announced fiscal policy measures both in terms of increased costs for ...

Georgia top CEE/CIS performer in World Bank's Doing Business 2018 ranking

November 1, 2017

Georgia is the only lower-middle-income country to rank among the top 10 countries in the world for ease of doing business, according to the World Bank's Doing Business 2018 report published on ...

Uzbekistan to help Afghanistan construct railway with eye on linking to Iran

November 1, 2017

Deputy head of the Afghan railway administration department, Abdul Bari Seddiqi, has said Uzbekistan is interested in helping Afghanistan build a railway line between the two ...

Uzbek terrorist ploughs truck through New York City bike lane killing eight

November 1, 2017

A 29-year-old ethnic Uzbek professional truck driver ploughed a truck along a New York City bike path killing eight people on October 31. Uzbekistan has been the subject of negative headlines in ...

Iranian executive, judiciary and parliamentary leaders discuss FDI in rare publicised meeting

October 31, 2017

The leaders of three branches of Iran's government held a rare publicised meeting in the Victorian-era parliament building in Tehran late on October 30 to discuss working more closely together ...

Hungary slides down World Bank's Doing Business index

October 31, 2017

Hungary fell to 48th from 41st on the World Bank’s latest “Doing Business,” index which rates the business climate in 190 countries, published on October 31. Hungary's regional peers all ...

Macedonia leads CEE, SEE peers on World Bank Doing Business index

October 31, 2017

Macedonia ranked 11th in the 2018 edition of the World Bank's Doing Business Report, ...

Kosovo the top mover in CEE/CIS region on World Bank Doing Business index

October 31, 2017

Kosovo made the greatest advance of any state in the CEE/CIS region in the 2018 edition of the World Bank's Doing Business ...

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