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Dutch beer giant Heineken has announced the sale of its assets in Russia to the Arnest Group. The purchase price for 100% of Heineken Russia's shares amounted to €1. The deal also requires the buyer to settle the Russian business's intra-group debt to Heineken, which is
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Audi, the automotive conglomerate, has joined the ranks of other Western manufacturers in limiting Russian dealers' access to its software. As reported by Russian Izvestia, referencing a source from an official dealer center, Audi has taken the step to restrict access to its proprietary software for Russian dealerships. Currently,
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Confirmed reports now verify the earlier news from February about Uniqlo's complete departure from the Russian market. The Japanese retail giant has chosen to vacate the spaces it leased for its stores, as reported by Vedomosti. Sources within the publication reveal that Uniqlo terminated all its rental contracts,
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German automobile giants Mercedes-Benz and BMW have taken the drastic step of completely cutting off their Russian dealers from accessing their software. Izvestia reports this development, citing the press service of Mercedes-Benz's distributor in Russia, "MB RUS." The Russian Automobile Dealers Association has confirmed the disruption
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The French spirits producer Pernod Ricard, responsible for renowned brands like Absolut and Jameson, is preparing to shut down its Russian office. As reported by Russian Kommersant, the majority of employees have already left the office or are expected to do so by the end of August. Pernod Ricard'
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Kosovo's government has backed the country's participation in the European Union's 11th package of sanctions, imposed in response to Russia's full-scale war against Ukraine. The decision was reported by local channel Klan Kosova. The proposal to join the latest EU sanctions was
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Italy has ceased granting visas for investments to citizens of Russia and Belarus, as reported by Altreconomia. The Investor Visa for Italy program's website states that this decision was made by the Ministry for Business and Made in Italy on July 14, 2023, in response to last year&
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Atlassian, the company behind popular services like Trello, Jira, and others, has announced its decision to deactivate user accounts registered from Belarus and Russia. The company shared this information in a communication sent to its users, as reported by Kommersant. Accounts from these countries are set to be disabled from
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Italy’s largest bank, Intesa Sanpaolo, has decided to close its Moscow office. The bank’s decision comes in the wake of its efforts to secure permission for a complete exit, which has been hindered due to Russian restrictions on asset sales, according to a company spokesperson cited [https://www.
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Dutch company JDE Peet’s, known for brands like Jacobs, L’Or, Tassimo, and Douwe Egberts, will halt the sale of foreign coffee and tea brands in Russia by the end of 2023, as reported [https://www.reuters.com/business/retail-consumer/jde-peets-stop-selling-western-coffee-tea-brands-russia-by-year-end-2023-08-02/] by Reuters. While JDE Peet’s will continue
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The mobile application of Tinkoff Bank has been removed from the Google Play store, rendering its link inactive. However, the bank has assured users that previously installed versions of the app will continue to function. This removal is a result of the new sanctions imposed by the United States and
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The United States and Canada have expanded their sanctions against the aggressor country, Russia. The sanctions target Russian banks, individuals, and companies associated with the country's military-industrial complex. The published list of US sanctions also includes 17 other individuals. Additionally, the Canadian government reports that 21 organizations and