Worldwide
Apple refuses to rent a Russian office near the Kremlin. Two sources in the commercial real estate market told RBK. Apple first rented 3.5 thousand square meters in Romanov Dvor business center five years ago and then increased the area to 4.7 thousand square meters. According to one
Worldwide
Users in Russia could soon face a drop in mobile Internet speed and problems with connections during calls. According to Reuters, after Nokia and Ericsson leave the Russian market, operators will not be able to update software and repair equipment with original spare parts. The two companies account for about
Worldwide
The flagship H&M store in downtown Moscow was closed on November 30. Since then, all stores of the H&M Group in Russia have been closed. H&M is Europe’s largest clothing and accessories retail chain that has been operating in Russia since 2009. Earlier
Worldwide
On December 5, the decision of the EU Council on the price cap for Russian oil and the ban on maritime transportation of Russian oil to third countries came into force. The maximum price for oil and oil products originating from or exported from Russia is set at $60/barrel.
Worldwide
European Union diplomats have agreed on the ninth package of sanctions over the Russian invasion of Ukraine, Reuters reports. It is reported that the 9th package of EU sanctions is directed against the "industrial complex" of the Russian Federation. The package aims to stifle the strengthening of Russian
Economy
Japan has imposed a price cap on Russian crude oil from December 5, excluding imports from the Sakhalin-2 plant. This was stated in a government statement, Reuters reported. The decision was made after an agreement between the G7 countries and Australia to cap the price of Russian crude oil at
Worldwide
Following sanctions, Russian BRPI factory has lost the rights to the original recipe, to continue to operate under the American brand, and to produce ice cream in the Russian Federation uder this name. However, there will be a rebrand. Russian ice cream manufacturer JSC BRPI will register a new trademark
Worldwide
The company has made a decision to finally leave the Russian market. According to the Izvestia's sources, Electronic Arts made the decision to leave Russia. This information is confirmed by a former employee of a marketing agency that worked with the company. Earlier on March 4, EA had
Worldwide
Crude buyers in China have stopped purchases of some Russian oil as they are waiting for details of the US-led cap to see if they will be offered a better price. This was reported by Bloomberg. Currently, several cargoes of Russian ESPO crude oil for delivery in December remain unsold.
Worldwide
The United States imposed [https://www.state.gov/targeting-russias-global-military-procurement-network-and-kremlin-linked-networks/] sanctions against Russian manufacturers of microelectronics. The Russian microcircuit manufacturer AO PKK Milandr fell under the restrictions. They also affected related companies Milur Electronics LLC (Armenia), Sharp Edge Engineering Inc. (Taiwan) and Milur SA (Switzerland).
Worldwide
According to Bloomberg, Russia's oil production may fall below 10 million barrels per day next year. Russia may find it difficult to find new markets for oil after the European sanctions on imports take effect. According to the International Energy Agency (IEA), Russia has redirected more than a
Worldwide
German manufacturing giant Siemens has announced the sale of its financial and leasing business in the country. The company has published its financial report for the fourth quarter of 2022, which indicates the sale of Russian assets. The concern launched its exit from the Russian market in May. The exit