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One of the leading tire manufacturers in the world, French Michelin Group, has found a buyer for the plant in Davydovo in the Moscow region, which has been idle since the beginning of full-scale war. It was reported by Kommersant, citing sources. The asset will reportedly be bought by the
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Binance has closed the purchase and sale of dollars and euros via its peer-to-peer service for citizens of Russia. The restrictions are being imposed in line with the EU’s 10th package of sanctions against Russia. EU citizens, for their part, were banned from conducting transactions in roubles via the
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Japanese industrial equipment manufacturer Yanmar Holdings is ceasing operations in Russia, the company said in a statement [https://www.yanmar.com/global/news/2023/03/08/121416.html]. > “The Yanmar Group will cease all operations at our local subsidiary, Yanmar RUS LLC, as soon as procedures are completed. The
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Apple service center Fixed.One reported that the warranty service for MacBooks and iPads in Russia was terminated. The service claims that Apple sent a letter to all its authorized centers, which states that it stops servicing its equipment in Russia. Apple's decision does not apply to the
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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