The case against Yandex. Food and the “headache” of foreign banks: the main thing for August 6

World

• Bulgaria continues to issue tourist visas to Russian citizens, but “for technical reasons” the issuance period is longer than usual, the embassy (TASS) reported.
• The Italian business association Confcommercio said that, in the context of the sanctions, the flow of tourists to Italy from Russia “has been reduced to almost zero”.

Russia

• Following the talks in Sochi, the presidents of Russia and Turkey issued a joint statement on increasing the volume of trade between the countries. The parties also agreed to “work mutually on the economy and energy,” as well as cooperate in the areas of trade, transportation, tourism and agriculture.

• The State Duma YouTube channel “Duma TV” filed a lawsuit against Google for blocking. It requires the corporation to restore access to the account and pay a fine. Previously, the Tsargrad channel won a similar case for a billion rubles.

Business

• The Investigative Committee opened a criminal case at the request of the deputy of the State Duma Mikhail Romanov on the fact of the leak of Yandex.Food user data in March. At the moment, a search for the perpetrators is underway.

• US aluminum can maker Ball Corporation, which is preparing to sell its Russian business, posted a $435 million loss in the second quarter. The company produced almost 70% of Russian beer cans.

• The German company Alfred Ritter GmbH, owner of the Ritter Sport chocolate brand, denied rumors about the location of its production in Russia.

• US chocolate bar maker Mars Wrigley has apologized to Chinese users for a Snickers ad that called Taiwan a “country”.
• The French-Italian aerospace company Thales Alenia Space has suspended its operations in Russia, citing force majeure. Participated in the construction of a center for the assembly and testing of satellite systems in Shchelkovo.

Finance

• Johann Strobl, CEO of Raiffeisen Bank International, told Bloomberg that the strong appreciation of the ruble has become a “headache” for foreign banks that have decided to stay in Russia.

• The Moscow Stock Exchange postponed the opening of trading on the stock market for non-residents of “friendly” countries, explaining this by Putin’s decree. The market was scheduled to open on August 8, but on that day non-residents will be able to carry out transactions only in the derivatives market.

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