RB continues to follow the main events for business in the context of a special operation in Ukraine: Australian sanctions, Nvidia stopped renewing and selling licenses to Russian companies, Sberbank commission and other news on July 1.

The list may be updated throughout the day.

Ukraine visa regime, Australian sanctions, Sberbank commission: top news for business on July 1

World

  • On July 1, Ukraine introduced a visa regime for Russian citizens. Russians can apply for Ukraine visas at VFS Global Visa Application Centers in eight cities: Moscow, Saint Petersburg, Yekaterinburg, Kaliningrad, Kazan, Novosibirsk, Rostov-on-Don and Samara.
  • Australia has imposed sanctions against 16 Russian officials and businessmen. The head of the Ministry of Agriculture Dmitry Patrushev, the Minister of Transport Vitaly Saveliev, the gymnast and head of the board of directors of the National Media Group Alina Kabaeva were on the blacklist.
  • The new EU sanctions package against Russia may include revised rules for the transit of sanctioned goods to Kaliningrad: Bloomberg.

Finance

  • As of July 1, Sberbank began to operate a commission for transfers to cards of other banks through its websites and applications.
  • Banks will start drafting more transparent loan agreements from July 3. Loan agreements will begin to indicate the full cost of the loan.

Business

  • China's Huawei has dramatically increased hiring at its Russian division. Market participants suggested that the company intends to remain in the Russian market one way or another, and for this it will organize the supply of equipment through the CIS or create a separate brand to operate in the country.
  • Nvidia has stopped renewing and selling licenses for its cloud gaming software to Russian companies.
  • The French operator of services for the protection of transactions and verification of PIN codes in banks Thales will cease to function in Russia. The group served 20 Russian banks: Sberbank, VTB, Alfa-Bank and others.

Technology

  • The Central Bank-based anti-money laundering platform “Know Your Client” for legal entities and individual entrepreneurs has fully started its work.

Transportation

  • S7 Airlines intends to return two Boeing 737-8 MAXs to the lessor and 14 Boeing 747s for AirBridgeCargo cargo.

Author:

RB team

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.

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