Worldwide
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.
Economy
Worldwide
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.
Worldwide
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
Worldwide
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.
Worldwide
Norwegian Activists Blocked a Russian Oil Tanker
Greenpeace activists in Norway tried to block a Russian tanker carrying oil to the country. Protesters tied their canoes to the ship's chain to protest the war in Ukraine. Protesters have called on the Norwegian government to impose an embargo on Russian oil and cancel any contracts to
Worldwide
Rosneft Has Been Unable to Find Buyers for 37 Million Barrels
Rosneft has been unable to find buyers for 37 million barrels (about 5 million tons) of Urals oil for delivery in May and June. The Russian oil company has not received a single application from European companies for the amount of oil offered. Rosneft, in turn, considered the proposals of
Economy
Ural Motorcycles Announced Plans to Move Production to Kazakhstan
Ural Motorcycles, manufacturer of heavy motorcycles with a sidecar, is moving production from Russia to Kazakhstan. This was announced in a video posted on the company's official YouTube channel. The move is due to a shortage of components that are subject to sanctions, as well as due to
Worldwide
The EU Will Refuse Gas Supplies From the Russian Federation by 2027
This was announced by Leonore Gewessler, Federal Minister for Climate Action, Environment, Energy, Mobility, Innovation and Technology of Austria, in an interview for Kurier. > "Today Austria is 80% dependent on Russian natural gas which makes us vulnerable to blackmail, this is dangerous, and looking at Ukraine, we now
Worldwide
Turkey Closed the Airspace for All Russian Airplanes That Fly to Syria
Mevlüt Çavuşoğlu, the Minister of Foreign Affairs of Turkey, said that it was decided to close the airspace of the country for Russian military and civilian airplanes that head to Syria. "We closed airspace to Russia's military planes and even to civilian planes going to Syria and
Worldwide
EU Is Discussing the 6th Sanction Package Against Russia
EU is discussing the 6th sanction package against Russia, including the hit on the Russian energy market. This was announced by Valdis Dombrovskis, the European Commissioner for Trade and Gintarė Skaistė, the Minister of Finance of Lithuania. Additionally, Gintarė Skaistė said that the possible next sanction package was discussed with
Worldwide
The Netherlands Plans to End Russian Oil and Gas Purchases by the End of 2022
The Netherlands government plans to end Russian oil and gas purchases by the end of 2022, Dutch Prime Minister Mark Rutte told journalists at a weekly press conference on Friday. In 2020, the Netherlands relied on Russia for nearly one-third of its total crude imports. > “What the Netherlands would