PepsiCo will stop shipping drinks to Russia

PepsiCo will stop shipping beverages to Russia

These include Pepsi, Mirindu and 7Ap.

PepsiCo announced that from July 1, the shipment of its goods to Russia will cease. So, the popular Pepsi ”, “Mirinda” and “7Ap ” will no longer arrive on store shelves.

The company’s factories in Russia stopped producing them at the end of May, but supplies from warehouses were not interrupted. However, now, as reported by the TG channel Mash, this opportunity has disappeared.

According to the channel, the drinks will be replaced by two other brands, which are produced by the brand “Russian Gift”, a well-known producer of kvass.  We are talking about drinks with flavors “Duchess”, “Lemonade”, “Tarhun” and “Wild taiga”.

Two more drinks with citrus flavors will be provided by Frustyle. The price of a bottle now reaches about 100 rubles.

In addition, new flavors are being prepared to be released to the market by Evervess. We are talking about a tonic and two types of lemonade.

As for the American manufacturer leaving the market, its distributors in the Russian Federation explained to journalists that leaving would result in large financial losses.

Russians will not be able to get used to unfamiliar brands right away, they explained.

Earlier, Topnews wrote that the Swedish company IKEA, which also left the Russian market, began selling its products through online stores.

At the same time, it announced the early repayment of the lease of branded stores and a sale for employees.

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Smartphone manufacturer Honor has stopped deliveries to Russia

Smartphone manufacturer Honor has stopped deliveries to Russia

There were no official statements from the company.

Information has appeared on the Web that the Chinese manufacturer of smartphones and other equipment Honor will not supply its gadgets and accessories to Russia. At the same time, the Chinese side has not officially stated this.

Vedomosti citing two sources, it is stated that Russian supplies of new Honor equipment were stopped back in March, almost at the beginning of Russia’s special operation in Ukraine and the introduction of new sanctions.

Now, as insiders clarify, the Chinese manufacturer is busy looking for partners in other post-Soviet countries, namely in Armenia and Georgia.

It is reported that similar agreements already exist with Uzbekistan. We are talking about using parallel imports to save supplies for Russian customers.

The very fact that Honor is intensively expanding its distribution network indicates the desire of the Chinese side to preserve the market, while reducing the sanctions risks.

According to experts, such a format of suppliers looks logical with general reinsurance, which is now used by Chinese companies.

The reason for the introduction of restrictions were problems with logistics, because now it has become difficult and expensive to import goods from China to Russia.

As the analysts of the publication explained, the lack of containers, the high cost of sea routes, the congestion of railways and the partial closure of border crossings affect.

Earlier, Topnews wrote that part of Samsung smartphones cannot be activated in Russia. This is reported by users.

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Gazprom shares collapsed by almost 30% due to the decision not to pay dividends

Gazprom's shares have collapsed by almost 30% due to the decision not to pay dividends

At the lower point, the drop reached 30.2%.

Shares of the state corporation Gazprom began to decline sharply on the Moscow Stock Exchange on June 30.

It is reported that during trading at a minimum, the drop reached 207.7 rubles or 30.2%.

Gazprom’s shares collapsed after it became known about the shareholders’ decision not to pay dividends for 2021.

The company’s message notes that Gazprom’s priority is investment programs and preparation for winter, so it was decided to be ready to pay taxes at an increased rate.

Recall that at the end of May, the media wrote that the company’s board considered it necessary to pay a record dividend of 52.53 rubles per share.

If the shareholders agreed, the total amount of payments would amount to 1.24 trillion rubles.

Earlier, topNews wrote that 20 companies in the EU have opened accounts to pay for gas in Gazprombank.

Against this background, several Gazprom subsidiaries in Germany stopped receiving gas from Russia.

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The Central Bank of the Russian Federation showed a new 100-ruble banknote

The Central Bank of the Russian Federation showed a new 100-ruble banknote

The new banknote was put into circulation on June 30.

The Russian financial regulator has unveiled a new design of a 100-ruble banknote.

The new banknote will be put into circulation from June 30, 2022.

This is stated on the official website of the Central Bank of the Russian Federation.

The banknote is dedicated to Moscow and the Central Federal District.

On its front side there is a fragment of the Spasskaya Tower of the Kremlin. The Rzhevsky Memorial to the Soviet Soldier is placed on the reverse side.

The paper of the new bill is protected by special fibers of two types.

The banknotes will gradually enter circulation. The banknotes of the 1997 model will be used in parallel, including with the modifications of 2001 and 2004.

Earlier, topNews wrote that the media told how the regulator will begin to control all money transfers of Russians.

The new rules came into effect on January 1.

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Zelensky’s adviser called the shocking amount needed to restore Ukraine

Zelensky's adviser called the shocking amount needed to restore Ukraine

The comment was given by Oleg Ustenko.

According to Oleg Ustenko, adviser to Ukrainian President Volodymyr Zelensky on economic issues, the country will need a huge amount of money to restore the economy and infrastructure.

For these purposes, it will take about a trillion dollars.

He estimated Ukraine’s direct losses from the SVO at $650 billion.

If indirect damage is added to this figure, the amount will grow to $1 trillion.

“We need these sums”, – said on TV.

He estimated this amount at five annual GDP of Ukraine, noting that in 2021 this figure amounted to a maximum of $ 200 billion.

At the moment, Kiev receives grants of about $ 5 billion every month.

Prior to that, Zelensky cited the amount of $ 600 billion needed to restore the economy and infrastructure of Ukraine.

Earlier, topNews wrote that Zelensky’s representative stated his desire to return Crimea by military means.

It turned out that Kiev has changed its approach to the issue of the return of the peninsula.

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Media: China has reduced the supply of goods to Russia by almost 40%

Mass media: China has reduced the supply of goods to Russia by almost 40%

After the start of the SVO, exports to Russia from China fell sharply.

After the start of ITS, there was a sharp decline in exports of goods from China to Russia.

At the same time, the Chinese authorities did not support Western sanctions against Moscow.

The reduction of exports to Russia is reported in a study by scientists at the Peterson Institute of World Economy (Washington).

At the same time, there is a record increase in hydrocarbon imports from Russia to China.

Thus, after the start of the SVO, China became the second after the EU in terms of reducing the expert in the Russian Federation.

Experts are sure that the situation with China is connected with Beijing’s unwillingness to fall under secondary Western sanctions and drew attention to the risks of violating the expert’s control.

In total, China’s exports to Russia decreased by 38% compared to the second half of 2021.

This corresponds to the average of countries that have not joined the anti-Russian sanctions.

Earlier, topNews wrote that China has banned Russian “Boeing” from flying through its territory.

At the same time, the media reported possible problems with Aliexpress.

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The US Treasury has imposed a ban on the import of gold from Russia

The US Treasury has imposed a ban on the import of gold from Russia

Japan, Canada and Britain also joined the US decision.  

The US authorities have imposed a ban on the import of Russian gold into the country, according to the website of the Ministry of Finance of the Russian Federation.

According to the press release, the decree comes into force on June 25 and will not affect the volume of gold that is already outside Russia.

Japan, Canada and Britain also joined the US decision.

It is noteworthy that a little earlier, as the Independent newspaper writes, British Prime Minister Boris Johnson at the G7 summit in Germany confirmed his intentions to impose a ban on the import of Russian gold.

It should be noted that in addition, the United States imposed sanctions against about 100 objects of the Russian Federation related to the military-industrial complex.

Moreover, about 70 of the listed organizations play a key role for the military-industrial complex of the Russian Federation, including Rostec, as well as 29 individuals, the FSB (repeatedly) and 45 legal entities.

In addition, the US State Department introduced visa restrictions, adding more than 500 officers of the Armed Forces of the Russian Federation to the lists.

Earlier, Topnews wrote that FT explained why anti-Russian sanctions turned out to be useless and it is not possible to isolate it.

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A monstrous queue for gasoline in Sri Lanka experiencing default caught on video

A monstrous queue for gasoline in Sri Lanka experiencing default caught on video

A local driver reported that he had been standing in line for four days and hardly slept.

Sri Lanka is going through a severe crisis due to default. Local residents complain about the lack of fuel, which is left for a few days. Others do not have enough money for food, because entire sectors of the economy have closed in the country.

According to one of the local drivers quoted by the TG channel Mash, he stood in line for gasoline for four days, while “did not sleep and did not eat properly ”.

Many kilometers of traffic jams lined up in different localities, while, as it became known to the media, starting in July, only emergency and special services vehicles will receive fuel.

It has already been reported that schools in Sri Lanka will be closed, and officials will work remotely from home.

The fuel crisis has also affected tourists, who, along with everyone else, have to stand in queues.

If earlier they were refueled without a queue, now the rules have changed, and it is unclear how you can move around the recent green tourist paradise.

As Forbes clarifies, back in April it became known that the country officially declared default. The shortage of gasoline began back then, and protests have not stopped in Sri Lanka since May.

In the spring, the government headed by the Prime Minister resigned. Mass protests intensified when the prospect of famine loomed. Now the authorities have lost the support of even former allies.

The country’s national debt is $35 billion, of which $7 billion is due to be repaid this year. Inflation, according to the local Central Bank, will be 40% by the end of the year.

In turn, the World Bank refuses to provide assistance until Sri Lanka implements an “adequate macroeconomic policy”.

The amount of aid that can be given to the country will be enough only for medicines, school meals and assistance to poor families and farmers.

Earlier, as the Guardian reported, experts talked about a default in which 74 low-income countries of the world could find themselves. They believe that the reason is the post-pandemic crisis and the debts accumulated during isolation.

In turn, JPMorgan Chase calculated that the consequences of Russia’s own actions in Ukraine and the rise in loan prices will lead to the default of 10% of developing countries.

Earlier, Topnews wrote that the Sri Lankan court banned the Aeroflot plane from leaving the country.

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Bloomberg: Russia has its first default since 1918

Bloomberg: Russia has its first default since 1918

According to American journalists, Russia has defaulted on its sovereign debt in foreign currency.

The American Bloomberg agency published an article in which it reported that Russia has defaulted on sovereign debt in foreign currency.

According to journalists, the grace period for the payment of about $100 million in overdue payments on government bonds ended last night.

If the payment has not been transferred, then the situation is considered a default.

The agency calls this the first default of the Russian Federation on foreign debt since 1918.

At that time, the Bolsheviks who came to power did not pay the debts of the Russian Empire.

The agency’s statements were refuted in Russia.

According to financial analyst Mikhail Belyaev, default is impossible in Russia because the country has money, although it has recognized obstacles to payment.

The analyst admitted the possibility of a technical default and noted that the country could declare a selective default.

“Default means that, according to some rating agencies, we get into the default list, we will not be able to place further issues of our Eurobonds”, – quotes the expert Lenta.ru .

He noted that this threat will not affect the Russian economy, since now it is impossible to place Eurobonds at all.

Earlier, topNews wrote that Bloomberg said that Russia is about to default.

US journalists announced a technical default.

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Bloomberg: Russia is a few hours away from the first default in 100 years

Bloomberg: Russia is a few hours away from the first default in 100 years

The American media announced the technical default of Russia on foreign debt tomorrow, June 27

Russia is “a few hours away from default,” and this will happen for the first time in 100 years, Bloomberg reports.

As the news agency explains, the grace period for the payment of interest on government bonds in the amount of about $100 million expires on June 26.

If investors do not receive the required funds by Monday, then the “fact of non-fulfillment of obligations” will be recorded, and a technical default on foreign debt will occur on June 27.

Such an event will happen for the first time in 100 years – the last time Russia defaulted on foreign debt was in 2018.

However, under the current circumstances, the Russian authorities will not declare a default officially, the agency notes.

Recall that in April, the United States banned Russia from servicing foreign debt without renewing the license allowing holders of Russian sovereign bonds to receive payments. The license expired on May 25.

On May 27, the Ministry of Finance of the Russian Federation announced that the National Settlement Depository, at the expense of frozen reserves, paid two issues of dollar Eurobonds in the amount of $ 71.25 million and 26.5 million euros with maturities in 2026 and 2036.

On May 30, Finance Minister Anton Siluanov said that Russia would settle with holders of Russian Eurobonds using a mechanism similar to the scheme for paying for Russian gas in rubles.

Similar payments in rubles were made on Eurobond coupons maturing in 2027 and 2047.

At the same time, the Finance Minister refused to consider the termination of payments on foreign debt in foreign currency as a default, since this became impossible due to sanctions imposed by the West.

Earlier, Russian President Vladimir Putin signed a decree on the payment of foreign currency debt in rubles. For this purpose, ruble accounts of the “And” type were opened to all foreign investors without their personal presence.

The very next day, the Ministry of Finance paid off Eurobonds in rubles for the first time under the new scheme.

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