Page 5 - Vimpelcom News Today

(Reuters) - Russian mobile and streaming service operator Vimpelcom was fined on Wednesday for failing to put an 18+ age rating on a movie referencing...

(Reuters) - Russian mobile and streaming service operator Vimpelcom was fined on Wednesday for failing to put an 18+ age rating on a movie referencing...

(Reuters) - Russian mobile and streaming service operator Vimpelcom was fined on Wednesday for failing to put an 18+ age rating on a movie referencing...

The curse of August has struck again in Russia. The long-awaited currency crisis has finally hit as a collapse in usable energy revenues bleeds the Kremlin dry, and the slow damage of G7 sanctions eats away at the country’s economic foundations.

Operator: Hi. Good afternoon, and good morning to everyone, and welcome to VEONs Second Quarter Results Presentation for the period ending 30 June 2023.

Veon: The company, which owns Ukraines largest mobile operator Kyivstar, posted sales of $916 million, up 19.6% year-on-year in local currency terms. Its core profit, meanwhile, rose 13.6% to $415 million.

Veon CEO Kaan Terzioglu (pictured) insisted closing the sale of its Russian operations and maintaining financial discipline remained its top priorities.

Against the backdrop of renewed great power competition and an emerging multipolar world, it is crucial that the United States prioritize its engagement within multilateral institutions, including those in the United Nations system. As China looks to supplant the U.S.-led rules-based order, Washington should foster better relations with developing nations and emerging powers, particularly those in the Global South. Even as the U.S.-China rivalry intensifies, Washington should avoid putting count...

Top stories from the Russian press on Friday, July 21st

Veon shareholders reportedly voted to shrink its board from 11 members to seven, a move prompted by the pending sale of its Russian business.