November 4, 2024 Ukraine and the World – Against russia’s Aggression. Sanctions in Action

Prime Minister of Poland Donald Tusk has called on European countries to invest more in defense instead of worrying about a possible change in US security policy after the presidential election.

Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) has provided an additional EUR 2.4 million to support the project “Restoring Green Industry Through Municipal Development in Ukraine” under the UNIDO Green Industrial Recovery Program for Ukraine for 2024-2028.

Experts at the Kiel Institute for the World Economy have estimated that the termination of aid to Ukraine and russia's victory could cost Germany 10-20 times more annually than the current cost of military support for our country.

South Korea is considering increasing assistance to Ukraine due to information about russia's possible using the north korean military in the war.

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Taiwan's Ministry of Economy has announced a complete cessation of supplies to russia of machine tools that can be used at military enterprises.

According to Eurostat, in August, the supply of goods from European countries to the rf decreased by 18% compared to July, to EUR 2.5 billion. In 2021, imports from the EU to the rf amounted to EUR 7-8 billion a month. The total trade turnover between russia and the European Union dropped to the level of the year 1999. russian exports to European countries decreased by 12%, to EUR 2.6 billion.

In November, the volume of shutdown primary oil refining capacities at russian refineries increased by 0.6 million tons against the approved plan of 1.8 million tons. Actual downtime of primary capacities in October amounted to 4.6 million tons, up by 0.16 million tons (+ 3.6%) from the previous estimate. The main reason was the repair of primary units at the volgograd, ilsky and yaya refineries. The amount of capacity lost in November will amount to 1.8 million tons, but given the likely continuation of ongoing repairs, it may exceed 2.0 million tons. In January-November, the rf received a total shortfall of 39.0 million tons, which is by 5.2 million tons (+ 15%) more than in the same period last year.

40% of russian companies said that non-payments by counterparties have become a major problem for russian business, according to the russian union of industrialists and entrepreneurs. A year ago, only 10% of surveyed companies reported non-payments.

In 2024, the cost of musical instruments in russia increased by 10-12% on average, and the cost of renting equipment for musicians increased by 15-30%.

In 2025, the government of the rf plans to increase fivefold the utilization fee for agricultural machinery. In 2026-2030, the rate is expected to increase by another 15% annually, which will automatically lead to higher prices for all types of agricultural machinery.

The rf’s government has refused to introduce maximum retail prices for socially important products due to their rising costs.

russians fear falling into a debt hole: according to the united credit bureau, almost 30% of credit cards issued by banks worth 75 billion rubles have not been activated in the last three months. Against the background of the russian crisis, the total cost of credit in September was 25.8% per annum, and in the last week of October, some credit cards offered on financial marketplaces reached almost 70% per annum.

In 2021, 57 people were brought to administrative responsibility for “spreading extremism” in grodno region. And in the first half of 2024, 1,004 administrative offenses were registered in the region under the same article and 912 people were punished.

Today, there are approximately 14 thousand belarusians in Georgia, mainly for political reasons. According to representatives of the belarusian diaspora, the situation of belarusians in Georgia will deteriorate significantly after the election of the pro-russian Georgian Dream party. They already are increasingly being denied residence permits, and there are more and more legal and political traps for them.