Kyiv School of Economics

Western firms still doing business in Russia finance the war – here's how to recoup the huge cost to taxpayers

Retrieved on: 
Thursday, August 10, 2023

This is because Cornetto’s UK-headquarted parent company, Unilever, is still operating in Russia after its invasion of Ukraine, alongside many other western firms such as PepsiCo.

Key Points: 
  • This is because Cornetto’s UK-headquarted parent company, Unilever, is still operating in Russia after its invasion of Ukraine, alongside many other western firms such as PepsiCo.
  • The sense of normality they give to Russian citizens also arguably fosters support for the invasion of Ukraine.
  • Companies still doing business in Russia also hurt the citizens of the countries they come from.
  • It’s not “trying to protect or manage” its business in Russia, the company said, but “exiting is not straightforward”.

A tax on the cost of war

    • The coalition of sanctioning countries must first implement a tax on a western company’s Russian revenues.
    • The tax would cover the company’s sales, based on the goods and services bought by people in Russia.
    • The OECD’s Pillar 2 tax agreement uses this principle in its aim to end the practice of fictionally locating profit in tax havens.
    • And if that country does not impose the extra charge, other countries in which the firm is active can collect the unpaid tax.

What about non-western companies?

    • It may also make it even more profitable for other countries to trade with Russia.
    • To avoid such “leakage”, non-western companies who trade with the west and continue to do business with Russia should also be made liable for the tax.
    • The approach is simple: if a company wants to do business with the west, it must pay a fine for any trade in Russia.
    • French bank Société Générale paid US$1.3 billion to the US government in 2018 as a punishment for providing financial services in Cuba.

Why Russia pulled out of its grain deal with Ukraine – and what that means for the global food system

Retrieved on: 
Wednesday, July 19, 2023

The Russia-Ukraine grain deal that has been critical to keeping global food prices stable and preventing famine is currently in tatters.

Key Points: 
  • The Russia-Ukraine grain deal that has been critical to keeping global food prices stable and preventing famine is currently in tatters.
  • So, what is the grain deal, and why is it so important to the global food supply chain?

What makes Ukraine such an important part of the global food supply chain?

    • More than 400 million people relied on foodstuffs from Ukraine before Russia invaded Ukraine in February 2022.
    • One key reason for that is Ukraine has approximately one-third of the world’s most fertile soil, which is known as chernozem, or black soil.

What happened when war broke out?

    • Even before the war, famine was increasing across the globe.
    • Other researchers have suggested global hunger is the highest it’s been since at least the early 2000s.

How did the grain deal come about?

    • The U.N. and Turkey brokered what is officially known as the Black Sea Grain Deal with Ukraine and Russia on July 22, 2022.
    • While the original agreement was to last 120 days, it has been extended several times since.
    • Ukraine has exported more than 32 million tons of food products through the Black Sea since August 2022.
    • The U.N. has estimated that the grain deal has reduced food prices by more than 23% since March 2022.

Why is the Black Sea so important for Ukrainian exports?

    • Before the war, 90% of Ukraine’s agricultural exports were transported on the Black Sea.
    • While Ukraine also ships its grain and other food over land through Europe, doing so costs a lot more and takes more time than sea exports.

Why did Russia say it’s pulling out of the deal?

    • Over the following two days, it attacked Odesa with drones and missiles in one of the largest sustained assaults on the port.
    • Russia also said it would deem any ship in the Black Sea bound for a Ukrainian port to be a legitimate military target.
    • Chicago wheat futures, a global benchmark, are up about 17% since Russia left the deal.

International Centre for Mathematics in Ukraine to be launched in 2023, enabled by Founding and Principal Donor XTX Markets

Retrieved on: 
Thursday, January 12, 2023

To support this, a group of leading Ukrainian mathematicians are founding a new centre for mathematical research, thanks to funding from Founding and Principal Donor XTX Markets.

Key Points: 
  • To support this, a group of leading Ukrainian mathematicians are founding a new centre for mathematical research, thanks to funding from Founding and Principal Donor XTX Markets.
  • The mission of the Centre will be to support top-level research in mathematics, with special emphasis on training younger generations of mathematicians and the development of mathematics in Ukraine.
  • Building on a strong mathematical tradition in Ukraine, the new Centre will be driven by excellence and freedom in research.
  • The support from our Founding and Principal Donor, XTX Markets, is crucial at this foundational stage and we look forward to working with them going forward.''

International Centre for Mathematics in Ukraine to be launched in 2023, enabled by Founding and Principal Donor XTX Markets

Retrieved on: 
Thursday, January 12, 2023

To support this, a group of leading Ukrainian mathematicians are founding a new centre for mathematical research, thanks to funding from Founding and Principal Donor XTX Markets.

Key Points: 
  • To support this, a group of leading Ukrainian mathematicians are founding a new centre for mathematical research, thanks to funding from Founding and Principal Donor XTX Markets.
  • The mission of the Centre will be to support top-level research in mathematics, with special emphasis on training younger generations of mathematicians and the development of mathematics in Ukraine.
  • Building on a strong mathematical tradition in Ukraine, the new Centre will be driven by excellence and freedom in research.
  • The support from our Founding and Principal Donor, XTX Markets, is crucial at this foundational stage and we look forward to working with them going forward.''

Kyiv School of Economics, Partner Charities Raise $1,140,000 For Ukrainian Humanitarian Aid

Retrieved on: 
Thursday, September 22, 2022

The Kyiv School of Economics , one of Ukraine's strongest business education institutions, raised $1,140,000 during a charity conference and dinner event last Saturday.

Key Points: 
  • The Kyiv School of Economics , one of Ukraine's strongest business education institutions, raised $1,140,000 during a charity conference and dinner event last Saturday.
  • He said, When this war first started, and people stated that in days, the Ukrainian people would fall, I said, you just dont know the Ukrainian people.
  • The charity dinner was closed out by a performance from the Ukrainian Chorus, Dumka of New York.
  • Founded in 1996, the Kyiv School of Economics is an integral player in a world of colliding economic, political, technological, and nature-led forces.

Okera Partners with D.A.T.A. to Help Raise Funds to Supply Ukraine Citizen's with Desperately Needed Lifesaving First Aid Kits

Retrieved on: 
Tuesday, May 24, 2022

SAN FRANCISCO, May 24, 2022 /PRNewswire/ -- Okera, the Universal Data Authorization company, today announced that it has joined forces with Data and Tech Aid (D.A.T.A.), a volunteer community formed by individuals and businesses with roots in data & analytics and technology, to support the organization's goal of providing medical relief to the people in Ukraine. Together, their goal is to support the Kyiv School of Economics Charitable Foundation (KSE CF) by purchasing 10,000 medical kits, worth $1 million in 6 weeks.

Key Points: 
  • The primary danger for civilians at war in Ukraine is death from blood loss caused by shrapnel wounds after the shelling.
  • "We are mobilizing the data & analytics and technology communities to come together and raise money to help Ukrainian citizens because, together, we can achieve more.
  • Fundraising Initiative: Help Save Lives in Ukraine by Raising $1M for 10,000 Medical Kits and join Okera in a fundraising challenge to meet their charitable donation goals.
  • Founded by Rob Howes in response to the Ukraine crisis, the Data and Tech Aid (D.A.T.A.)

Blockchain Company Everstake Wrote a Rap With Vice Prime Minister of Ukraine to Ask for More Crypto Donations

Retrieved on: 
Monday, May 23, 2022

KYIV, Ukraine, May 23, 2022 /PRNewswire/ -- Everstake , a Ukraine-based blockchain company, created a rap video featuring Vice Prime Minister and Minister of Digital Transformation of Ukraine Mykhailo Fedorov to urge the crypto community to keep donating to a charitable organization Aid For Ukraine .

Key Points: 
  • KYIV, Ukraine, May 23, 2022 /PRNewswire/ -- Everstake , a Ukraine-based blockchain company, created a rap video featuring Vice Prime Minister and Minister of Digital Transformation of Ukraine Mykhailo Fedorov to urge the crypto community to keep donating to a charitable organization Aid For Ukraine .
  • Aid For Ukraine raises funds from the crypto community for the benefit of Ukraine's military and humanitarian needs.
  • The initiative is co-powered by Everstake, Kuna, FTX, and the Ministry of Digital Transformation of Ukraine.
  • Everstake employs 100+ experts worldwide and has been heavily involved in the development of complex blockchain products, such as Metaplex .

Blockchain Company Everstake Wrote a Rap With Vice Prime Minister of Ukraine to Ask for More Crypto Donations

Retrieved on: 
Monday, May 23, 2022

KYIV, Ukraine, May 23, 2022 /PRNewswire/ -- Everstake , a Ukraine-based blockchain company, created a rap video featuring Vice Prime Minister and Minister of Digital Transformation of Ukraine Mykhailo Fedorov to urge the crypto community to keep donating to a charitable organization Aid For Ukraine .

Key Points: 
  • KYIV, Ukraine, May 23, 2022 /PRNewswire/ -- Everstake , a Ukraine-based blockchain company, created a rap video featuring Vice Prime Minister and Minister of Digital Transformation of Ukraine Mykhailo Fedorov to urge the crypto community to keep donating to a charitable organization Aid For Ukraine .
  • Aid For Ukraine raises funds from the crypto community for the benefit of Ukraine's military and humanitarian needs.
  • The initiative is co-powered by Everstake, Kuna, FTX, and the Ministry of Digital Transformation of Ukraine.
  • Everstake employs 100+ experts worldwide and has been heavily involved in the development of complex blockchain products, such as Metaplex .

Data and Analytics Practitioners Join Thought Leaders at AIRSIDE 2022 to Explore Industry Challenges and Solutions For Modern Data-driven Organizations

Retrieved on: 
Tuesday, May 17, 2022

SAN FRANCISCO, May 17, 2022 /PRNewswire/ -- As both businesses and individuals continue to make significant decisions about their digital destiny, inappropriate data usage and bad data security can run rampant. Digital citizens and IT assets can be located anywhere and require cyber security technologies that offer high levels of integration, automation, and orchestration capabilities according to Gartner. To help modern data-driven organizations meet today's complex data management challenges, Okera, the Universal Data Authorization company, will host AIRSIDE Live 2022, an award-winning event that brings together industry leaders and visionaries to share how they secure, govern, and maximize the value of data in NYC on May 25-26, 2022.

Key Points: 
  • AIRSIDE Live 2022 focuses on top of mind issues and possible resolutions facing modern, data-driven organizations.
  • Data Security: from ensuring identity access management and data discovery to achieving visibility into access of applications and data.
  • Data Privacy & Data Governance: from maintaining ever-evolving compliance regulations and data governance to building data privacy as a feature, and more.
  • Data as a Product: from creating value with modern analytics and data science to learning about actual use cases.

Announcing World's Largest Art Collection in History to Celebrate Ukraine and Raise Funds

Retrieved on: 
Thursday, April 28, 2022

Now with the help of AI and the blockchain, we have a chance to make pieces of Ukraine stay forever in the world's history.

Key Points: 
  • Now with the help of AI and the blockchain, we have a chance to make pieces of Ukraine stay forever in the world's history.
  • #MintForUkraine NFT collection is not only the largest art collection in history containing one million artworks, it can also be minted for free.
  • We now have a direct line from thought to expression and we can create as much art as we can imagine.
  • It is up to us to recover all those things," - said Oleksandr Tkachenko, Minister of Culture and Information Policy of Ukraine.