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The German company Henkel AG presented its financial statements [https://www.henkel.com/press-and-media/press-releases-and-kits/2023-03-07-henkel-delivers-significant-sales-increase-in-2022-poised-for-further-growth-in-fiscal-2023-1807140] for 2022 and announced its intention to completely withdraw from Russia. The report says that the business activities in Russia are expected to be divested by the end of the first quarter of 2023.
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The beer giant Carlsberg plans to sell its Russian business by the beginning of the summer. News about the Danish Carlsberg Group planning to sell its Russian assets by the end of spring was announced in a report [https://www.carlsberggroup.com/newsroom/ceo-cees-t-hart-has-decided-to-retire/] of the brewing company on the
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Because of the European sanctions on imports of furniture from Russia to the EU, Russian manufacturers lost about 18 billion rubles in a year, and exports of these products fell by almost 40%. By the end of 2022, the volume of exports of furniture from the Russian Federation fell by
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Tinkoff Bank, Alfa Bank, and Rosbank were included in the 10th package of EU sanctions. Their assets will be frozen and they will not be able to conduct transactions via SWIFT. The EU explains the sanctions against these banks by the fact that the sector in which they operate provides
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The countries of the European Union have agreed on a tenth package of sanctions against Russia [https://ec.europa.eu/commission/presscorner/detail/en/ip_23_1185]. This happened exactly one year after the start of the full-scale Russian invasion of Ukraine. The sanctions include, among other things, severe restrictions
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The app of MTS Bank has disappeared from the App Store and Google Play, the credit institution said in its Telegram channel. The message noted that those who already have the application installed will be able to continue using it. The app was removed because on February 24, MTS Bank
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Sanctions for the invasion of Ukraine and a drop in Russian oil and gas revenues have caused a gigantic $25bn budget deficit in Russia. Russia's oil and gas revenues plummeted in January 2023, leading to the biggest budget deficit in the first month of the year since at
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Credit Suisse has frozen Russian assets worth 17.6 billion Swiss francs (more than $19 billion), SonntagsZeitung reports. As journalists note, this is more than a third of all declared Russian assets in Switzerland. Of this amount, only about 4 billion francs belong to sanctioned individuals in Switzerland. The remaining
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Against the background of the introduction of large-scale sanctions and the withdrawal of foreign automakers from the country, production of cars in Russia collapsed by 67% in 2022, to a historical minimum of 450 thousand units. The deepest annual drop in production in modern Russian history had previously been recorded
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Beginning from March 21, Slack will shut down Russian communities with free workspaces. The company sent a notice of forced closure of the space opendatarussia.slack.com because it was registered to an email address in the .ru zone. Since the sanctions were imposed last year, the messenger was still
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Japanese clothing manufacturer Uniqlo, which suspended operations in Russia in March 2022, has decided to completely leave the country and has no plans to resume its operations. This is reported by Russian media Kommersant, citing sources. Another source of the newspaper said Uniqlo was considering its complete withdrawal from Russia
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Music streaming service Spotify has started the process of closing its Russian legal entity. According to an extract from Russia's Unified State Register of Legal Entities, it had been operating in Russia since January 13, 2014. Spotify has not been operating in Russia since 11 April 2022. As