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Deutsche Bank is shutting down its remaining IT center in Russia and plans to dismiss 500 employees, Financial Times reports, citing sources. About 500 employees of the IT-center that still remain in Russia will be offered to quit their jobs within six months with severance pay. After the beginning of
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Latvia is planning to start the second phase of fence construction along the Latvian-Belarusian border. This time, the length of the fence will be 63.9 kilometers. This was reported by Delfi. By the end of 2024, it is planned to complete the construction of the entire structure. The first
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The German government has proposed to the European Union to impose sanctions against the nuclear energy sector of Russia in the next package of sanctions, Reuters reports. The German government believes that this decision will take some time, but such measures should be implemented during a transition period.
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PKN Orlen, the Polish oil and gas company, has terminated its last contract with Russia’s Tatneft without paying any penalties, Reuters reported. Moscow stopped supplying oil to Poland via the Druzhba pipeline in February after Warsaw delivered the first Leopard tanks to Kyiv. Poland was supposed to stop using
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Microsoft has suspended warranty service of Xbox consoles in Russia. This was reported by a representative of Microsoft technical support to the Russian newspaper Izvestia, and console owners have confirmed the problem. According to the representative of technical support, warranty service of consoles, including those officially imported into the Russian
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The French company Danone plans to stop using its own global brands on the Russian market. It is reported by the Russian mass media with reference to sources on the market. In particular, the brands are Actimel, Activia, and Alpro. A representative of Danone Russia confirmed that the company is
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U.S. President Joe Biden signed an executive order extending the state of national emergency imposed in 2021 over Russian interference in the U.S. elections and related sanctions. The corresponding document was published on the website of White House. This allows the U.S. administration to continue imposing sanctions
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Russian media outlet Kommersant reports that Apple has stopped importing Russian tungsten, tantalum, and gold in 2022 due to the requirements of the US government. Despite this, the tech company admits that it continues to receive tungsten from the Moliren plant, which is located in the Moscow region.
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Cisco, an American manufacturer of networking equipment and software has destroyed an inventory of unsold equipment worth $22 million due to the closure of its business in Russia. The company destroyed its equipment stocks worth almost 1.9 billion rubles (about $22 million) in January of this year, months after
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The European Council has decided to prolong individual measures targeting those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for six more months. This was reported [https://www.consilium.europa.eu/en/press/press-releases/2023/03/13/ukraine-s-territorial-integrity-sovereignty-and-independence-eu-renews-individual-restrictive-measures-for-six-months/] on the website of the EU Council.
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The United States and its allies have blocked or seized more than $58 billion in assets owned or controlled by Russian citizens. This includes Russians who have been subject to sanctions. This is reported [https://home.treasury.gov/news/press-releases/jy1329] on the U.S. Department of the Treasury’s
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Japanese Prime Minister Fumio Kishida and Polish Prime Minister Mateusz Morawiecki have agreed [https://japantoday.com/category/politics/japan's-kishida-in-poland-for-talks-after-visit-to-ukraine] to jointly increase support for Ukraine. They plan to introduce new sanctions against Russia. > “Bearing in mind the increasing burden on Poland due to the prolonged invasion of