Ford Motor Company has left the Russian market – the automaker sold its stake in the joint venture Sollers Ford, Reuters reports. The company's shares are planned to be transferred to the joint venture for a nominal price. Ford Motor Company stopped operations in Russia back in March. The
Dutch telecom operator Veon Ltd – the owner of the Russian operator Beeline – intends to sell its assets in Russia. This was reported by Reuters. The company said that it is conducting the process of selling the business under the Beeline brand, which is the second largest mobile network in Russia.
Zara and Bershka have finally given up selling their clothes in Russia, Russian media Izvestia has learned. Although Inditex brands were transferred to Daher group after the sale, the clothes of these brands will still not be sold even under other names.
Japanese tyremaker Bridgestone plans to sell its Russian assets. The company intends to leave the Russian market within a few months. This was announced in a press release [https://www.bridgestone.co.jp/corporate/news/pdf/2022103101.pdf] of the company. The Japanese company stopped the plant in Ulyanovsk in
Japanese car brand Infiniti is leaving the Russian market. This was announced by the Russian office of the company, Russian media report. The brand did not have its own production in the Russian Federation – models were imported from different countries. It sold crossovers and SUVs in the Russian market: the
Swedish retailer H&M continues the process of withdrawing from Russia. At the moment, more than half of its stores in the country are closed, and the rest of the stores will be closed by the end of the year. H&M suspended all sales in Russia at
Mindigit of the Russian Federation has begun examining how VPNs are used in Russia. The corresponding questionnaire has already been sent to industry organizations with a request to fill it out as soon as possible, Russian media report. Experts suggest that Mindigit might collect information on this topic to prepare
Valve, the owner of the Steam digital store, has updated the recommended regional prices in Steam for all countries for the first time in a long time. According to SteamDB, regional prices in Russia increased by 75% on average. Valve reminded that the final cost of the product is determined
During the period from January to August, sales of Dell laptops in Russia decreased by 90%, sales of HP laptops decreased by three times, and sales of Apple laptops decreased by four times. This is reported by Russian media Vedomosti. At the same time, sales of Chinese brands Huawei and
Ledger, the largest manufacturer of cold crypto wallets, announced that they would no longer supply their products to Russia. The Crypto.com exchange also announced its withdrawal from Russia, and Canadian NFT-marketplace Dapper froze the accounts of Russians. Earlier, the European Union imposed a ban on European companies to provide
Popular browsers, such as Google Chrome, Microsoft Edge and Safari may stop opening Russian sites because of the blocking of the Russian security certificate. This is reported by the Russian publication Izvestia, citing a source in the IT-company.
Two of the largest Indian refineries have halted spot purchases of Russian oil after the European Union approved new sanctions in early October for Russia’s annexation of the occupied territories of Ukraine. The two refineries are Indian Oil Corporation and Bharat Petroleum Corporation Limited (BPCL). India is the world’
The Chinese company Huawei has completely stopped the direct supplies of smartphones to Russia and may finally withdraw from the Russian market, the Russian publication Izvestia reported. Huawei also does not import tablets, notebooks, TVs and other equipment into Russia, said a source close to one of the mobile operators.
It became known that Playrix, the game development company of Russian origin, decided to leave the Russian and Belarusian markets, most probably as a response to Putin’s mobilization announcement. In particular, Playrix will close all offices in Russia and Belarus and relocate Russian and Belarusian employees to other countries.
Dapper Labs, a Vancouver-based blockchain company, decided to freeze the funds of Russian citizens. Officially, Russian citizens cannot sell, transfer, or buy new NFTs. The reason for this is the eighth package of sanctions against Russia from the European Union. Henceforth, all cryptocurrency wallets, accounts and the provision of custodial