RUSSIAN COMPANIES SUFFERED A RECORD LOSS OF 7.5 TRILLION RUBLES IN HISTORY DUE TO SANCTIONS AND ECONOMIC PROBLEMS

Russian companies began to massively record losses amid ongoing sanctions and growing economic problems. From January to November 2025, 18,2 thousand organizations reported losses totaling 7.5 trillion rubles. This is a record for all time observations, writes “Izvestia”, citing data from Rosstat. For the same period in 2024, business losses were estimated at 7 trillion…

Moldova: parliament ratifies amendments to Moldova-Turkey Free Trade Agreement

Moldova and Turkey are strengthening their trade relations by updating the Free Trade Agreement. The parliament on February 12 ratified the decision of the Moldovan-Turkish Joint Committee on the enforcement of the new provisions of the Pan-Euro-Mediterranean (PEM) Regional Convention on preferential rules of origin. The amendments aim to facilitate the bilateral trade, reduce administrative…