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South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) terminated the contract for the construction of three LNG carriers ordered by Sovkomflot for the Arctic LNG-2 project of Russian private company Novatek. The reason was the late payment under the contract by the shipping company. Sovcomflot was unable to pay
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Equinor announced that it has withdrawn from all joint ventures with Russia, the statement from May 25 notes. Since February 27, 2022 Equinor stopped all new investments in Russia, stopped trading oil and gas products from Russia and announced an impairment of $1.08 billion on its balance sheet as
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The European Commission wants to simplify the confiscation of assets related to criminal activity, including those who evade EU sanctions against the Kremlin. This is reported by Reuters, citing a draft document in the possession of the editorial. The crimes for which the new rules would apply are terrorism, participation
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Several Internet providers have already received notifications about the termination of contracts for servicing part of the servers, including the Orenburg provider Radio Link, which operates under the brand name Focus Life. Raiden Unlimited Company (an Irish affiliate of Google) sent a list of suspended servers, explaining the decision by
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The Council of the European Union adopted a decision allowing temporary trade liberalization and other trade concessions for certain Ukrainian goods. This means that for one year no import duty will be paid on all Ukrainian exports to the European Union. Thanks to these measures, the EU will be able
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Shell's assets in Russia, gas station chain and lubricants business in Tver region, have been acquired by Lukoil. Information about the deal closing and signing of the final documents is available on Lukoil's website. > "Under the terms of the deal, more than 350 Shell
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Marks & Spencer says it will fully exit the Russian market following the invasion of Ukraine. The retail giant stopped shipments to Russia in March but previously said complex franchise deals prevented it from withdrawing completely, with about 50 shops still open. But the firm said after negotiations it would
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It is planned to completely abandon Russian fuel at the end of this summer, said Chancellor Olaf Scholz.
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The company decided not to renew the franchise agreement with Inventive Retail Group, which manages 37 retail stores under the Nike brand in the Russian Federation, The Guardian reports.
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Tetra Pak plants are low on paint, so Russian juice, wine and fruit drinks will be produced in white packaging because of paint shortages. A few dozens of international companies have already left Russia because they don't want to deal with an aggressor state.
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> “The Sulzer Board of Directors has decided to initiate the exit process from the Russian market,” the company’s press release says. Sulzer manufactures pumps, machinery, turbines, heat exchangers and other equipment for the oil, petrochemical, pulp and paper industries, and is engaged in their servicing.
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According to Russian media, Apple’s authorized dealer in Russia, re:Store, began to temporarily close its unprofitable stores due to restocking issues. These stores are being closed to redistribute Apple equipment, which has become scarce due to sanctions, between other outlets.