Sanction against F1 driver Nikita Mazepin canceled
The EU Court has ruled that sanctions against Nikita Mazepin, whose contract with Formula 1 team Haas was terminated following Russia’s invasion of Ukraine, were unjustified. The judges said the economic freeze imposed on the driver in response to the invasion of Ukraine was not justified simply because he is the son of Russian oligarch […]
Largest Western bank under pressure to cancel investment in Russia
The US is pressuring Raiffeisen Bank, the largest Western bank in Russia, to cancel a $1.6 billion industrial investment. According to Reuters, the bank has chosen an interesting exit strategy from Russia. In its plan to repatriate its remaining $1.6 billion assets in Russia, it planned to buy shares in the Austrian construction company Strabag, […]