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French chain of sports shops Decathlon is selling its Russian assets. This was reported by Russian media Kommersant, citing RBC. Decathlon had a total of 57 shops in Russia, all of which have been closed – the brand suspended operations in Russia from 27 June: both shops and website sales were
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Russian RBC reports that French POS-terminals supplier Ingenico, which supplies and services POS payment terminals with the same name, will leave Russia by the end of March. According to the sources, the company plans to leave Russia on March 1, while contracts with employees in the country are valid until
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In 2022, 2.2 million iPhones were sold in Russia, which is 48% less than in 2021 – 4.2 million devices. This is reported by Russian media Vedomosti, citing Marvel Distribution and representatives of MTS, MegaFon and Citilink.
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On Wednesday, January 25, Switzerland imposed another package of sanctions against Russia. This was announced by the Swiss government. Sanctions have been imposed on about 200 more individuals and entities. > “The Federal Council will now implement the remaining measures of the ninth package of sanctions with effect from 25
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Russia’s biggest foreign investor in the timber industry is getting rid of its stake. US-based International Paper is selling its stake for less than it bought it 15 years ago. This is noted in a company’s statement [https://internationalpaper2015.q4web.com/news-releases/press-r/2023/International-Paper-Reaches-Agreement-to-Sell-Ownership-Interest-in-Ilim-Joint-Venture/default.aspx] . International
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Japan tightened sanctions against Russia following its latest wave of missile strikes in Ukraine. The new sanctions include adding certain goods to an export ban list and freezing the assets of Russian officials and entities. This was reported by Reuters. > "In light of the situation surrounding Ukraine and
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Crude oil supplies from Russia have fallen to their lowest level for 2022, following restrictions imposed on Russia over its invasion of Ukraine. This was reported by Bloomberg. > “The country's overall seaborne flows fell by 117,000 barrels a day to 2.615 million barrels on a
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Germany's Wintershall Dea, Europe's leading independent oil and gas company, has announced its withdrawal from Russia, the company's CEO says. > “Over the years, we have built many personal relationships in Russia – including in our joint ventures. But the foundations of our work in
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Since the beginning of 2023, Germany has completely phased out energy supplies from Russia: coal, gas and oil. This was announced [https://www.facebook.com/Bundesregierung/posts/pfbid0QgBASRo9gYVXWdmdYWZ3aUnGYi1crWGR5M7XsHS9wJhCLS4zSeThxqyMuyf5mCSxl] by the German government. The German government noted that before Russia's full-scale invasion of Ukraine, 55% of the country'
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Apple has refused to adapt its new iPhones to Russian mobile operators' networks, thus leaving the line of new iPhones 14 in Russia without support for a number of features that improve communication quality. This was reported by the Russian edition of Kommersant with reference to mobile operators. In
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The French engineering company GTT (Gaztransport & Technigaz) ceases [https://gtt.fr/news/ukraine-russia-update-gtts-exposure] its operations in Russia. The company is a world leader in the production of membrane containers for transportation of liquefied gas. GTT said it has terminated cooperation with Russian shipbuilder Zvezda on a contract to build
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Russian oil is already selling at less than half international prices, with its price well below the cap set by the G7 countries to limit the Kremlin's revenues. Urals crude cost $37.8 a barrel at the Baltic Sea port of Primorsk. Global benchmark Brent was selling for