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One of the world’s leading innovative home appliance manufacturers Electrolux has decided to leave the Russian Federation, the company said in a statement. > “Russia’s invasion of Ukraine and the following sanctions have made it impossible for Electrolux to continue its business in the country. The decision to
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UnionPay has restricted the acquisition in Russia of its cards issued abroad due to concerns over secondary sanctions. It is no longer possible to pay with UnionPay cards of foreign banks in retail outlets using POS terminals of sanctioned banks. UnionPay has reportedly taken the initiative to limit partnerships with
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American tobacco company Philip Morris plans to leave the Russian market by the end of 2022. The company's CEO, Jacek Olczak, said this in an interview with Bloomberg. In March, the company said that it was working on options to exit the Russian market due to Russia'
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Swiss chocolate manufacturer Lindt & Sprüngli Group has decided to withdraw from the Russian market. This was announced in a statement from August 16. > "Following its announcement on March 9, 2022, the Lindt & Sprüngli Group decided to exit the Russian market. We will support our employees in
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Norwegian energy company Equinor has announced the completion of the withdrawal process from its latest joint project with Russia, the Kharyaga project. The company announced it in an official statement on its website. > "On 25 May 2022, Equinor announced its exit from the four joint ventures with Rosneft
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China's Weichai has suspended deliveries of gas engines for KamAZ trucks due to possible sanctions by the US, Russian Izvestia reports. These gas engines were installed on K4 generation tractors, methane dump trucks, and NefAZ buses.
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Following Sweden's Ericsson, Finland's Nokia, one of the largest telecom equipment manufacturers, has decided to finally withdraw from Russia by the end of 2022, Reuters reports. Two of the three key suppliers of telecommunications equipment (the third is China's Huawei) have thus left Russia,
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Ericsson, a Swedish multinational networking and telecommunications company, announced plans to close its representative office in the Russian Federation by the end of 2022 and cut all its employees. Earlier, the company stopped supplying equipment to Russia and now it is planning to close all its divisions in Russia. Ericsson
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Chinese automaker Chery will not produce cars at the site of the Ulyanovsk Automobile Plant (UAZ) in Russia because of sanctions. This was reported by Vedomosti. In July, the share of Chinese cars on the Russian market exceeded 24%, with Chery being the most popular among Russian citizens.
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American-Swiss company Logitech, which produces keyboards, computer mice and webcams, is leaving the Russian market completely. This was reported by CNews with reference to its sources. The last work day of the employees in the Russian office will be on August 31. In April, the company suspended deliveries of its
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Danish pump manufacturer Grundfos has announced that it is closing its business in Russia and Belarus and dismissing employees. This was announced in a statement on August 24. On March 3, 2022, Grundfos paused its business in Russia and Belarus. Since then, Grundfos has been winding down its operations. As
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German Mercedes-Benz wants to sell its car assembly plant in the Moscow region, Kommersant reports. The plant has been put up for sale and the deal is in its final stages, with a Russian dealer becoming the buyer. Avtodom could be one of the buyers. Mercedes-Benz's Russian office