THE CASE OF IRAN’S REFUSAL TO CONDEMN RUSSIAN AGGRESSION

The reasons behind Iran’s refusal to condemn Russian aggression can be traced to Iran’s ties with Russia during the past few decades, its increasingly strained relationship with the West, and developments across the Middle East.

Generally speaking, Iran never condemns Russia’s foreign aggressions, but at the same time, never recognises the territories Moscow brings under control either ( 2008 Georgian war, Russia’s annexation of Crimea in 2014, and eastern Ukraine.)

THE CASE OF INDIA’S REFUSAL TO CONDEMN RUSSIAN AGGRESSION

The case of India’s refusal to condemn Russian aggression reflects New Delhi’s reliance on its Cold War ally for energy, weapons and support in conflicts with neighbors.

In the past, India depended on Soviet support and its veto power in the Security Council in its dispute over Kashmir with its longtime rival Pakistan.

THE CASE OF ALGERIA'S REFUSAL TO CONDEMN RUSSIAN AGGRESSION

Algeria was among 35 nations to abstain in response to a resolution condemning Russia's "aggression against Ukraine" and demanding that Russia immediately withdraw its forces. Algeria's ambassador echoed that vote with a lukewarm statement promoting "efforts and diplomatic calls aiming at de-escalating the current situation and adopting dialogue."

THE CASE OF THE FIVE LATIN AMERICAN COUNTRIES REFUSING TO CONDEMN RUSSIAN AGGRESSION

WESTERN COMPANIES STAYING IN RUSSIA

  1. Accor: 55 locations in Russia
  2. Air Liquide: 18 industrial plants and 700 employees
  3. Air Products: 2 offices, 130 staff and a plant in the Rostov region
  4. Asus:
  5. Auchan: $ 3.5 billion in revenue from Russia
  6. Authentic Brands Group- Reebok
  7. Baker Hughes: Russian partnerships
  8. Baker Tilley: Subsidiary with 400 employees in Russia
  9. BBDO: Clients include Rosbank
  10. Bosch: At least $ 1.3 billion of revenue from Russia
  11. Cargill: Continuing essentials, $ 1.1 bn investment, 2,500 staff

WESTERN COMPANIES WITHDRAWAL FROM RUSSIA

Since the invasion of Ukraine began, 400 companies have announced their withdrawal from Russia but some companies have continued to operate in Russia undeterred. 

1)147 companies have completely halted Russian engagements

2) 173 companies have companies have temporarily curtailed operations while keeping return options open 

3) 70 companies have scaled back some but not all operations, or delayed  investments 

4) 37 companies are defying demands for exit/reduction of activities 

 

THE PLIGHT OF THE UKRAINIAN ECONOMY

  1. More than half of Ukraine’s economy has shut down and infrastructure assets worth U.S. $100bn have been destroyed since Russia launched its invasion of the country
  2. Currently around 50 per cent of businesses are not operating and the rest are not operating at full capacity
  3. Even if hostilities were to end right now, the recovery and reconstruction costs are already massive

SHARE OF RUSSIAN GAS IMPORTS IN EUROPE

 SHARE OF RUSSIAN GAS IMPORTS IN EUROPE

RECOMMENDED STEPS BY TRANSPARENCY INTERNATIONAL EU

Author: Roland Papp

EU SANCTIONS ON RUSSIAN AVIATION

On 26 February 2022, in response to Russia's invasion of Ukraine, Regulation (EU) 2022/328 of 25 February 2022 (the Regulation) came into force. The Regulation introduces broad new sanctions on Russian airlines, the Russian aviation sector (including aviation insurance) and certain related activities, entities and persons. 

Irish lessors and all other EU-based lessors (Lessors) are directly affected by the Regulation – as are all other EU persons and entities, such as EU-based insurers and MROs. 

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