Global Sanctions Hit 700 Russia Oil Tankers

(KYIV, UKRAINE) – Around 700 vessels that carry Russian oil are currently under sanctions globally. About half of those ships have stopped such activity, according to Vladyslav Vlasiuk, the Ukrainian President’s Commissioner for Sanctions Policy. Mr Vlasiuk spoke on television about Russia’s shadow fleet and the results of sanctions imposedContinue Reading

KRA Blocked From Taxing Estate Service Charges

(NAIROBI, KENYA) – The Kenya Revenue Authority has been blocked from demanding taxes on service charge collections by building and estate managers. The ruling follows a four year dispute with Nextgen Mall Management Company. The Tax Appeals Tribunal ruled that Nextgen Mall Management Company only handled funds as a conduitContinue Reading

Ukraine Tightens Financial Monitoring for Sole Proprietors in Two Phases

(KYIV, UKRAINE) – Ukrainian banks will begin introducing new monthly transfer limits for certain individual entrepreneurs and companies from 14 August, under an updated memorandum designed to close channels used for tax evasion and money laundering. The restrictions will apply in two phases, with the second stage taking effect fromContinue Reading

Ukraine Repair Crews Deployed After New Energy Infrastructure Damage

(KYIV, UKRAINE) – Russian drone strikes and artillery shelling caused fresh power cuts in five Ukrainian regions by the morning of 12 August, national grid operator Ukrenergo said, as repair crews worked to restore supply where security conditions allowed. The new outages affected consumers in the Odesa, Dnipropetrovsk, Donetsk, KhersonContinue Reading

X Account Manager Files Counterclaim Against Kenya Roads Agency Head

(NAIROBI, KENYA) – A social media account manager has filed a KES 5.2 million ($40,200, £31,400) counterclaim against the head of Kenya’s urban roads authority, in a dispute that began with the official seeking to recover control of his X account. Eugene Mokua lodged the counterclaim after Kenya Urban RoadsContinue Reading

Zaporizhstal Shuts After Russian Strike Kills Seven at Steel Plant

(ZAPORIZHZHIA, UKRAINE) – Operations at the Zaporizhstal steel mill have been completely shut down after a Russian ballistic missile strike overnight hit the industrial site, killing seven employees and wounding 21 others. The attack struck the plant shortly after an air raid alert was declared, catching workers as they wereContinue Reading