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Denmark’s Ørsted Refuses to Pay for Russian Gas Supplies in Roubles
Denmark's leading energy company Ørsted will not open a rouble account in Russia to pay for Russian gas supplies in roubles, the CEO of the company noted.
Economy
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Norway to Close Its Borders and Ports to the Russian Trucks and Ships
Norway to close its borders and ports to the Russian trucks and ships, joining sanctions imposed by the European Union over the war in Ukraine. For trucks from Russia, the only checkpoint on the Russian-Norwegian border, Storskog, will be closed. Also, Russian ships will be banned from entering the ports
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Several EU Nations Are Pushing for Clearer Guidance From the Bloc on Russia’s Demand to Pay for Gas in Rubles
This is reported by Bloomberg. The confusion comes after Russia cut off gas sales to Poland and Bulgaria, which refused to pay in rubles. At the same time, four European companies went ahead and made payments in rubles, although it’s not clear whether they were from EU countries. Others
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Germany to Consider Including Sberbank in the Next Sanctions Package
Bloomberg reports that Germany is ready to consider including Sberbank PJSC, Russia's largest bank, in the European Union's next sanctions package.
Worldwide
Gummy Bear Producer Haribo Will Stop Deliveries to Russia
German manufacturer of gummy bears Haribo warned the trade networks about the cessation of supply of products for the Russian market.
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Moldova Will Help Ukraine and Join Sanctions Against Russia
Moldova will send qualified de-mining professionals to Ukraine to clear up freed territories, as well as humanitarian packages to the civilians. President of the Republic of Moldova Maia Sandu spoke about it in her comment to JournalTV. Moldova will also support economic sanctions that EU implemented against Russia.
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BASF to Wind Down Activities in Russia and Belarus
BASF, the largest chemical company in the world, has decided to wind down the company’s remaining business activities in Russia and Belarus by the beginning of July 2022. This was announced in the company’s news release. Earlier, BASF suspended new business in Russia and Belarus in light of
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CoverGirl owner Coty to exit its Russia operations
CoverGirl owner Coty Inc. said it would exit its Russia operations, Reuters reports. Coty is the latest U.S. company to pull out of the country following Moscow's invasion of Ukraine.
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Switzerland Froze Russian Assets Worth Over $9 Billion
This was reported by the Swiss edition of the Neue Zürcher Zeitung without citing sources, Reuters writes. Other sanctions include a ban on imports of coal, timber, cement, seafood and caviar. Also, in Switzerland it is no longer possible to register trust funds for citizens or residents of Russia.
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Roberta Metsola Calls for an Immediate Pan-European Embargo on Russian Energy Supplies
“We are not afraid of Putin. It’s time to cut our dependencies on autocrats once and for all,” Metsola said.
Worldwide
Poland Sanctions Gazprom Among 50 Russian Firms and Oligarchs
Poland is imposing sanctions on 50 Russian oligarchs and companies, the interior minister said on Tuesday, as it seeks to increase pressure on Moscow over its invasion of Ukraine, Reuters reports. Poland this month passed a law allowing it to freeze the assets of Russian entities and ban imports of
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Chinese Drone Manufacturer DJI Technology Co Ltd to Exit Russia and Ukraine
Chinese drone manufacturer DJI Technology Co Ltd has announced it is temporarily suspending business in Russia and Ukraine, Reuters reports. It is the first major Chinese firm to decide to stop selling its products in Russia since the outbreak of war in Ukraine.