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Nike to Cease Cooperation With the Moscow Spartak Football Club
The company follows the UEFA sanctions with this decision.
Leroy Carter
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TeamViewer Is Withdrawing From Russia and Belarus
German company TeamViewer has decided to completely cease any remaining business activity in Russia and Belarus. TeamViewer will not renew existing contracts with customers in Russia or Belarus. Existing TeamViewer subscriptions, which are not covered by the sanctions, will remain valid until the expiration of the contract, but it will
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RapNet Diamond Trading Network Bans Russian Diamonds From Its Platform
RapNet, the world's largest diamond and jewelry trading platform, banned the exchange of Russian sourced diamonds from the platform amid the country's ongoing attack on Ukraine.
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Finnish Energy Company Fortum to Leave the Russian Market
The Finnish energy company Fortum announced that it will leave the Russian market amid Russia's aggression against Ukraine. The company is also looking for a buyer for its assets there.
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Electronics Giant Siemens Is Exiting the Russian Market
The German concern Siemens announced the termination of business in Russia. Previously, the company suspended new operations and international deliveries to the Russian Federation and Belarus.
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Ukraine Submits Second Part of Questionnaire for EU Membership
In a meeting with the President of the European Commission Ursula von der Leyen via video, the President demonstrated the second part of the questionnaire to obtain EU membership candidate status for Ukraine.
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Canada and Germany Will Work Together on Strengthening the Economic Isolation of Russia
Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz agreed to work together on strengthening Russia's economic isolation during their recent conversation. This was reported on the website of the Government of Canada. As a result of the conversation, "the leaders agreed to maintain close alignment
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Russia’s Economy Facing Worst Contraction Since 1994 – Bloomberg
Russia is facing the deepest economic contraction in nearly three decades as pressure from sanctions imposed by the U.S. and its allies mounts, according to an internal forecast by the Finance Ministry. This is reported by Bloomberg. Gross domestic product is likely to shrink as much as 12% this
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Britain Announced a New Package of Sanctions Against Russia and Belarus
Sanctions target £1.7bn worth of trade. The new import tariffs will cover £1.4 billion worth of goods – including platinum and palladium. In addition, the export ban covers £250m worth of goods, targeting key materials such as chemicals, plastics, rubber, and machinery. This is about 10% of all British
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New Sanctions to Target Strategic Russian Industries
Promtekhnologiya, a weapons maker, was sanctioned, along with seven shipping companies and a marine towing company. The White House also said the Nuclear Regulatory Commission would suspend licenses for exports of special nuclear material to Russia.
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World Health Organization Members Pass Resolution Against Russia
Members of the World Health Organization's European Region have passed a resolution that could lead to the closure of Russia's regional office in response to the invasion of Ukraine. This decision was supported by 43 countries participating in the special session, while 3 were against (Russia,
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ITF Suspends the Tennis Federations of Russia and Belarus
The International Tennis Federation suspended memberships of the Tennis Federations of Russia and Belarus and banned them from participating in ITF international team competition until further notice. However, players from Russia and Belarus will continue to be allowed to compete in international tennis events as individuals but only under a