Worldwide
The EU has agreed to implement a sixth package of sanctions against Russia. It includes a partial ban on oil imports, which will affect 75% of Russian crude oil imports and be extended to around 90% by the end of 2022. The President of the Spanish Government, Pedro Sanchez, offered
Worldwide
After 28 years of work, Wella Company, a producer of professional cosmetics from Germany, ceases production and sales of products in Russia.
Worldwide
They noted that in response to Russia's war against Ukraine, they are halting the development and presence of most brands in Russia with the exception of basic food products: children's and special medical food products. According to the company, it has already ceased imports and exports
Worldwide
Chinese authorities have reportedly closed their airspace for Boeing and Airbus aircraft of Russian carriers after they failed to provide confirmation that the imported planes in their fleet have been deregistered abroad.
Worldwide
The largest American crypto-exchange Coinbase began to send out notices to Russian clients about the closure of their accounts. Earlier, the company said that it will only limit access to accounts of clients who hold more than $10,000 in crypto, but now the blocking has affected even customers with
Worldwide
Netflix officially announced the final withdrawal from the Russian market and the shutdown of the service for users from the Russian Federation. On May 27, Netflix stopped working for users with Russian IP-addresses. Netflix representative called the restriction of the platform in the country "the implementation of the withdrawal
Worldwide
The United States will not extend a waiver that allows Russia to make payments to U.S. bondholders, which could bring Moscow closer to the brink of default. U.S. authorities reportedly view the restriction as an increase in financial pressure on Russia, the consequences of which would be more
Worldwide
EU countries have frozen about 23 billion euros ($24.5 billion) assets of the Russian Central Bankm which is less than expected, Reuters reports. In addition, EU countries have also frozen about 10 billion euros of physical assets, such as yachts and villas, linked to oligarchs and officials linked to
Worldwide
Sempra Energy, an American company, said it would sell about 2.25 million tons of liquefied natural gas a year to RWE AG, Germany's largest electricity producer, which is trying to move away from Russian gas.
Worldwide
Russian pipe manufacturers expect a 34% drop in exports from Russia in 2022. This was reported by RBC referring to the data of the Pipe Industry Development Fund. The founders of the Fund are 8 largest pipe plants producing 65-70% of all the pipes in Russia.
Economy
Deliveries of smartphones to Russia increased by 43% in the first quarter while import of smartphones decreased by 14%. Experts blame it on the decision of the largest producers of smartphones, including Apple and Samsung, to stop deliveries. Such an increase in supply can also be explained by the fact
Worldwide
Oil company Shell has withdrawn from the authorized capital of Gydan Energy, a joint venture with Gazprom Neft in the Arctic. They were working on the Yenisei oil project. It was planned that commercial production at the project could start in 2028.