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Orion Pharma, a Finnish pharmaceutical company, has announced its exit from the Russian market after 15 years of operations. The decision was revealed in the company's report [https://www.orion.fi/en/newsroom/newsroom-listing/releases/stock-releases/2023/orion-group-half-year-financial-report-162023/] for the first half of 2023, citing a 33.5%
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Swedish personal hygiene products manufacturer Essity, known for its popular Zewa toilet paper, Libresse sanitary pads, and Libero diapers, has officially left the Russian market [https://www.essity.com/media/press-release/essity-has-exited-the-russian-market/13ed54a1aedb2ef7/] . The company completed the sale of its Russian business for SEK 1.2 billion to Russian billionaire
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The European Council has decided to extend [https://www.consilium.europa.eu/en/press/press-releases/2023/07/20/russia-eu-renews-sanctions-over-russia-s-military-aggression-against-ukraine/?utm_source=dsms-auto&utm_medium=email&utm_campaign=Russia%253a+EU+renews+sanctions+over+Russia%25u2019s+military+aggression+against+Ukraine] economic sanctions against Russia for another six months, targeting
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SLB, the world's largest oilfield services company, has announced that it is ceasing all product and technology deliveries to Russia from all of its facilities due to the expansion of Western sanctions. > The company's statement [https://www.slb.com/resource-library/updates/2023/update-on-slbs-russia-operations] reads, "
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The official "MegaFon" app, belonging to the telecommunications operator, has been removed from Google Play. The link that previously directed users to the app in the store is now inactive as well. However, the app is still available on the App Store. In addition to the main "
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Italy has frozen the assets of Russian oligarchs amounting to approximately $2.5 billion following Russia's invasion of Ukraine in February 2022. As part of the European Union's sanctions against the Kremlin and its supporters, Italy has seized assets including bank accounts, luxury villas, yachts, and
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Apple has started blocking the ability to purchase subscriptions on Russian user accounts, according to iPhones.ru. This restriction applies specifically to subscriptions for software such as Logic Pro and Final Cut Pro for iPad. Users who had previously paid for these applications are receiving emails from Apple indicating an
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In June, another thirteen international companies, including one of the world's largest tire manufacturers, Michelin Group, German company Bosch, and American chemical corporation 3M, exited the Russian market, according to a new report by the Kyiv School of Economics. The report reveals that a total of 254 international
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The UK Foreign Secretary has announced plans to introduce a new sanctions regime targeting Iran, which would include restrictions on hostile activities, including military support to aggression. The statement [https://www.gov.uk/government/news/uk-steps-up-action-to-tackle-rising-threat-posed-by-iran] issued by the British Foreign Secretary highlights Iran's intensified campaign of targeting
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EU leaders have decided to extend economic sanctions against Russia for another six months in response to Russia's aggressive war against Ukraine, as European Pravda writes. The previous round of economic sanctions against Russia was set to expire on July 31, 2023. This package includes the initial sanctions
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Sales of flagship smartphones from Apple and Samsung have dropped to 25% in unit terms and 50% in revenue, according to Vedomosti. The current situation with the sales of high-end smartphones in Russia is comparable to the state of the market in 2013. Similar sales data for Apple and Samsung
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Ukraine, along with several other states aspiring to become members of the European Union, has informed the EU Council of its intention to join the sanction regime related to the destabilization of Moldova [https://www.consilium.europa.eu/en/press/press-releases/2023/06/29/statement-by-the-high-representative-on-behalf-of-the-eu-on-the-alignment-of-certain-countries-concerning-restrictive-measures-in-view-of-actions-destabilising-the-republic-of-moldova/] . The announcement was made by