Latest news with #IgorKrasnov
Reuters
10 hours ago
- Business
- Reuters
Moscow promises to closely monitor foreign businesses that return to Russia
ST PETERSBURG, Russia, June 20 (Reuters) - Russia's Prosecutor General Igor Krasnov, who has led the state's efforts to seize property worth 2.4 trillion roubles ($31 billion), on Friday said foreign companies that return to the country would be watched closely to ensure Russia benefited. Moscow has placed around a dozen foreign-owned assets under state management in the more than three years that Russia has been fighting in Ukraine and prosecutors have stepped up the seizure of domestic assets through the courts this year. Now, as the economy begins to slow after two years of growth fuelled by high military spending, Russian officials are trying to find the balance between insulating the economy from exposure to Western nations it considers unfriendly and the need for growth to keep funding the conflict in Ukraine. "We will closely follow the government's actions," Krasnov said. "That is, who will come... on what terms they will come." "We will definitely look at making sure that the conditions under which our (Russian) business operates are better (when Western business returns)," Krasnov said. It must be profitable for Russia's own firms, he said. Russia is prioritising domestic companies, some of whom have taken market share vacated by Western firms, such as McDonald's (MCD.N), opens new tab and Unilever (ULVR.L), opens new tab, that have left since Russia launched the conflict in Ukraine. President Vladimir Putin on Friday said the Russian economy could not develop effectively without investment and said Moscow would create conditions to make foreign partners feel comfortable. He said Russian companies should fulfil legally binding buybacks with foreign companies, but stressed that Russia would support measures that benefit its own interests. "If someone left for political reasons, under pressure from their own political elites, their countries, then this means they are unreliable partners," Putin said. Kirill Dmitriev, chief of Russia's sovereign wealth fund, has said that U.S. companies are in talks to return to Russia, although lawyers and investors have told Reuters that sanctions must be lifted before any significant influx can take place. Finance Minister Anton Siluanov told the Izvestia daily on Friday that no foreign companies had yet submitted requests to return. "There are no applications for entry yet, but I feel that the situation is changing and interest in investing in Russia is growing," Siluanov said. The sparse Western presence at Russia's forum suggests otherwise, with some analysts also pointing to concerns about property rights. Two sources from Russia's energy and banking sectors said some companies may be interested in returning as there could be money to be made, but not in the current situation. Assets owned by French yoghurt maker Danone ( opens new tab and Danish brewer Carlsberg ( opens new tab are among the foreign assets taken under state control and sold to Kremlin-friendly buyers since 2022. ($1 = 78.4955 roubles)
Barnama
28-05-2025
- Business
- Barnama
Top News Headlines In Cambodia, Indonesia, Myanmar, Singapore, Thailand & Vietnam: May 28, 2025
Russia and Cambodia agreed to strengthen bilateral ties by focusing on a wide range of areas, mainly cybercrime, law enforcement and countering cross-border crimes. Both countries also strengthened their judicial collaboration by signing a memorandum of understanding. During a meeting with the Russian Prosecutor General Igor Krasnov, Cambodia Senate President Hun Sen proposed Russia launch a direct flight between the two countries. The air connectivity will help to improve tourism and people-to-people relations and spur bilateral ties. ASEAN member states aim to negotiate with the United States as a single trade bloc while deepening ties with China, as Washington's unilateral levies imperil the growth of their trade dependent economies. 2. SWEDEN HELPS INDONESIA TREAT CANCER WITH US$940,360 GRANT-- JAKARTA GLOBE Sweden announced Tuesday a grant worth approximately 9 million Swedish krona (around US$940,360) to help Indonesia treat cancer by assisting a Jakarta-based hospital in setting up a radiotherapy center. MYANMAR 1. CHARTING PLAN FOR SUSTAINABLE INDUSTRIAL GROWTH -- THE GLOBAL NEW LIGHT OF MYANMAR The second coordination meeting of the Industrial Development Commission was held yesterday to discuss the promotion of sustainable development of local industries. The meeting aimed to establish new industrial projects and public and private sector partnerships to produce quality industrial products. 2. CHINESE DEMAND FOR ARECA NUTS ON THE RISE -- THE GLOBAL NEW LIGHT OF MYANMAR The rising demand for areca nuts from Chinese buyers is boosting sales for local producers in Myanmar. The processed nuts are used to make snacks in China and are also chewed together with slaked lime and betel leaves. SINGAPORE 1. ASEAN FACES 'MOMENT OF TRUTH'; IT MUST STEP UP OR RISK LOSING RELEVANCE, SAYS PM WONG -- THE STRAITS TIMES ASEAN must step up and define a clear, purposeful role for itself in a changed world, or risk losing relevance, said Prime Minister Lawrence Wong on May 27. 2. US SUSPENDS STUDENT VISA PROCESSING AS TRUMP, RUBIO RAMP UP SOCIAL MEDIA VETTING -- CNA/AFP US Secretary of State Marco Rubio on Tuesday (May 27) ordered a suspension of student visa processing as President Donald Trump's administration ramps up vetting of their social media, according to an internal cable. THAILAND 1. THAILAND'S IMPORTS FROM CHINA HIT RECORD HIGH AMID TRADE UNCERTAINTY AND 90-DAY TARIFF TRUCE -- THE NATION Thailand's trade deficit with China has surged to a historic high, with imports soaring during the first four months of 2025 as businesses rush to secure raw materials amid global trade uncertainties, particularly ahead of potential U.S. tariff changes. 2. MINISTER CALLS FOR TOUGHER LAW ON NOMINEE FIRMS -- BANGKOK POST Deputy Commerce Minister Napintorn Srisanpang is pushing for a new law to further crack down on businesses that use Thai nominees, with such entities expected to be wiped out within six months. VIETNAM 1. SOUTHERN CAN THO CITY INVITES AMERICAN INVESTMENTS -- VIETNAMPLUS Can Tho City in southern Vietnam is welcoming American investors to invest in agricultural processing, the green economy and the digital economy. In the first quarter of this year, Can Tho exported steel, garments, farm produce, processed goods and handicraft to the United States. 2. MARITIME SECTOR GROWTH ON ROBUST MOOD -- VIETNAMPLUS Vietnam's maritime and inland waterway transport sectors are enjoying robust growth this year. Officials said total cargo via ports reached 370.5 million metric tonnes, up 11 per cent compared to the same period last year. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
Russia Today
27-05-2025
- General
- Russia Today
Top Russian prosecutor visits Laos
Russian Prosecutor General Igor Krasnov arrived in Laos on Tuesday evening to discuss enhanced cooperation between law enforcement agencies. The two countries have maintained close ties since Soviet times, with Moscow historically supplying Laos with weapons and technology. During his visit, Krasnov is scheduled to meet with his Laotian counterpart, Xaysana Khotphouthone, as well as other officials and the Russian Ambassador to Vientiane, Vladimir Kalinin. The parties are expected to sign a roadmap for future cooperation. Khotphouthone previously met with Krasnov during his visit to Russia in September 2024, where they discussed establishing a legal framework to facilitate free education for Laotian nationals at Russia's Far Eastern Federal University in Vladivostok. As part of his Southeast Asian tour, Krasnov also traveled to Cambodia on Tuesday. There, he met with King Norodom Sihamoni and signed partnership agreements with the Justice Ministry and the Prosecutor General's Office. Krasnov stated, 'These documents will enable us to collaborate on a mutually beneficial basis, including the exchange of expertise and joint research and educational projects.' During his visit to Phnom Penh, Krasnov emphasized that the countries will work together to combat terrorism, corruption, and organized crime.
Al Etihad
01-05-2025
- Politics
- Al Etihad
Saif bin Zayed meets Russian Prosecutor General in Moscow
1 May 2025 10:03 MOSCOW (WAM)Lt. General H.H. Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, met with Igor Krasnov, Russian Prosecutor General, during his visit to the Russian the meeting, Lt. General H.H. Sheikh Saif bin Zayed and the Russian official exchanged views on the overall distinguished bilateral relations between the United Arab Emirates and the Russian Federation, particularly in the security and policing also reviewed the strong relations between the leadership and officials of the two countries, ways to develop security and judicial cooperation, and exchanged views on best practices. The discussion aimed to strengthen joint coordination and serve the strategic interests of the two friendly countries. The meeting was attended by Major General Khalifa Hareb Al Khaili, Undersecretary of the Ministry of Interior; Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police; Major General Sheikh Mohammed bin Tahnoon Al Nahyan, Director-General of Abu Dhabi Police; Dr. Mohammed Ahmed Al Jaber, UAE Ambassador to the Russian Federation; and a number of officers and officials from both sides.
Al Etihad
17-04-2025
- Politics
- Al Etihad
UAE, Russia discuss judicial, legal cooperation
17 Apr 2025 14:56 ABU DHABI (WAM)Abdullah bin Sultan bin Awad Al Nuaimi, UAE Minister of Justice, has met with Igor Krasnov, Prosecutor-General of the Russian Federation, to explore ways of strengthening cooperation in the judicial and legal fields, as well as across issues of mutual discussions also covered the effective implementation of existing bilateral agreements on extradition and mutual legal assistance in criminal matters, particularly concerning the fight against transnational organised crime, financial crimes, and the financing of the meeting, held at the Ministry's headquarters in Abu Dhabi, the Minister of Justice welcomed the Russian official and commended the strong ties between the two friendly countries. He noted that the relationship reflects the commitment of both leaderships to deepening and advancing bilateral cooperation in ways that serve mutual his part, the Prosecutor-General of the Russian Federation expressed his pleasure at visiting the UAE and praised the depth of bilateral relations, especially the growing cooperation in the legal and judicial fields, which continues to benefit both nations. The meeting was attended by Mubarak Ali Abdullah Al Neyadi, Under-Secretary of the Ministry of Justice, Dr. Mohammed Ahmed Sultan Essa Al Jaber, UAE Ambassador to the Russian Federation, Timur Zabirov, Russian Ambassador to the UAE, and other officials from both sides.
