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The European Union plans to impose sanctions against several Chinese companies as part of the fight against companies supplying Russia with banned goods and technology that support its war machine. This is reported by Financial Times. Seven Chinese companies accused of supplying Russia with equipment that can be used in
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South Korean company Hyundai Motor plans to sell its production facilities in Russia to a Kazakh company and leave the Russian market, Reuters reports. Negotiations on the sale of the facilities are at the final stage. The automaker was waiting for the final approval of the Russian government. Last year,
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Henkel, a well-known producer of household and personal care products, is selling [https://www.henkel.com/press-and-media/press-releases-and-kits/2023-04-20-henkel-divests-its-business-activities-in-russia-1819042] its business in Russia to a local consortium. The consortium buying Henkel’s business in Russia includes Augment Investments, Kismet Capital Group, and Elbrus Services. The agreed purchase price is 54
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Match Group, the owner of the dating service Tinder, said it would leave Russia by June 30, 2023, citing the need to protect human rights. This is reported by Reuters. > "We are committed to protecting human rights. Our brands are taking steps to restrict access to their services
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The International Basketball Federation (FIBA) announced that the Russian men’s national basketball team will not be allowed to participate in upcoming qualifying tournament for the 2024 Summer Olympics in Paris. Previously, FIBA suspended the Russian and Belarusian national teams from participation in competitions under the auspices of the organization.
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Finnish law enforcement authorities arrested the land and the building of the Russian Center for Science and Culture in Helsinki. The arrest was made in connection with the EU sanctions, Helsingin Sanomat newspaper reports [https://www.hs.fi/politiikka/art-2000009528089.html]. According to the decision adopted on April 11, land
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German automotive parts manufacturer Continental, which owns a tyre plant in Russian Kaluga, has signed an agreement to sell the plant to S8 Capital, Reuters reports. S8 is a holding company headquartered in Moscow. It is noted that the supervisory board of Continental wanted to sell the plant to S8
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The largest bank of Cyprus, Bank of Cyprus, intends to close the accounts of about 4,000 clients who are citizens of the Russian Federation and are not residents of the European Union. The reason for closing the accounts was the suspension of Russia’s membership in the Financial Action
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The European Union plans to introduce a ban on the transit of many goods through Russia in the 11th package of anti-Russian sanctions, which is being prepared by the European Commission, Bloomberg reports [https://www.bloomberg.com/news/articles/2023-04-22/eu-set-to-propose-banning-many-goods-from-transiting-via-russia] . The ban could affect a large number of technologies
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Danieli Group, an Italian supplier of equipment and physical plants to the metal industry, has finally made the decision to leave the Russian market. Last year, the company was among the first to receive the "International War Sponsors" status from the NAPC (National Agency on Corruption Prevention of
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According to Mash, Duracell has stopped supplying the brand’s products to Russia and is preparing to cease operations in the country. The company will gradually sell the products remaining in its warehouses in Russia, and no more products will be supplied from its plant.
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The company has suspended technical support for iPads tablets and MacBook laptops in Russia, Russian media report, citing the company’s employees. The Russian representative office of Apple technical support has confirmed that they do not have departments that deal with issues related to iPads and MacBooks of any model.