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French Pernod Ricard, one of the largest alcohol producers in the world, has announced its complete withdrawal from the Russian market. This was announced [https://www.pernod-ricard.com/en/media/pernod-ricard-cease-its-operations-russia] by the company’s press service. > “Pernod Ricard can confirm that it has stopped all exports of its
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The European Union plans to restrict trade and the use of Russian diamonds. Such a statement was made by the President of the European Council Charles Michel during his briefing in Hiroshima. “Russian diamonds are not forever,” Charles Michel said. According to Bloomberg, the ban requires the approval of all
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British Prime Minister Rishi Sunak has announced a ban on imports of Russian diamonds, copper, aluminum, and nickel. This was reported [https://news.sky.com/story/rishi-sunak-announces-ban-at-g7-on-russian-diamonds-copper-aluminium-and-nickel-12883673] by Sky News and on Rishi Sunak’s Twitter. > “Ensuring Ukraine wins is the most important thing we can do for global
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On May 19, Australia imposed [https://www.pm.gov.au/media/australia-stands-with-ukraine-and-g7-against-russias-invasion] new sanctions against Russia. In particular, the petroleum company Rosneft, a gold mining company, and a number of banks have been subject to new sanctions. Australian Prime Minister Anthony Albanese and Foreign Minister Penny Wong announced financial sanctions
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The European Union proposed to prohibit access to its ports for vessels that are trying to bypass the already imposed restrictions on Russian oil, Bloomberg reports. The sanctions stipulate that vessels that violate the sanctions or are suspected of violating them by transshipment of Russian oil must be withdrawn from
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Austria’s Raiffeisen Bank has suspended the correspondent accounts of all banks in Russia except for its Russian subsidiary. This was stated [https://www.rbinternational.com/en/investors.html] in the presentation about the results of Q1 of 2023. The Austrian bank also said it continues to study possible options
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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