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Swedish retailer IKEA is selling off the last of its inventory in Russia before moving forward with their exit from the country. IKEA launched on online sale on its Russian website on July 5 to sell the remaining home goods that were left it its warehouses. This sale will be
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The Bulgarian consular service in Moscow has indefinitely stopped accepting documents from the Russians for tourist visas and visas for owners of real estate. The reason for the suspension of visas was the declaration of 14 employees of Bulgarian diplomatic mission and consular services in Russia as persona non grata
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Dutch brewing company Heineken plans to reach an agreement on the sale of its assets in Russiavalued at a total of 475 million euros during the second half of 2022. On March 28, Heineken announced its decision to leave Russia.
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International tea company Ekaterra has decided to cease operations in Russia. Tea brands Lipton, Saito and Brooke Bond will cease to be produced in Russia by the end of 2022. After that, Ekaterra will completely stop their sale and distribution on the Russian market.
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ExxonMobil, one of the world's largest oil companies, is negotiating to transfer its stake in the Sakhalin-1 project to another company, Reuters reports. According to a filing with the U.S. Securities and Exchange Commission (SEC), the company will transfer its 30% stake in the Russian project to
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China's Huawei, one of the world's largest telecommunications companies, has closed its Russian online store, Vmall. Orders placed before August 1 will be delivered as usual.
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One of the world's largest manufacturers of paints and coatings, Norwegian Jotun, is leaving Russia, the company said in a statement. > “It has become more and more challenging to operate in the country under the sanction regimes and we realise that the situation will not change in
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Baker Hughes, one of the world's largest oil field services companies, is selling its oilfield services business in Russia, the company's press office reports. Baker Hughes has already signed an agreement to sell its oilfield services business in Russia to a local management team. The company
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The New Zealand authorities have expanded sanctions against Russia. They are being implemented against a number of companies of Russian military-industrial complex. The new restrictions will apply to several defense enterprises, as well as insurance company SOGAZ and the Russian Railways.
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During the first half of 2022, imports of strong alcoholic beverages to the Russian Federation fell by almost 35%, to 32.65 million liters, as a result of sanctions. This is reported by the Russian media, citing market participants. Many global companies, such as Bacardi (Dewar's, William Lawson&
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Inflation in the eurozone set a new historic high in July and accelerated to 8.9%. In June, inflation in the eurozone was 8.6%. In July, the increase in consumer prices is still driven by soaring energy and food prices. The July figure exceeded expectations of economists surveyed by
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Global automaker Stellantis (Peugeot, Opel, Citroën, FIAT) has withdrawn from the joint production of Jeep cars in China because of the fear of possible sanctions in the future. The factory of the concern has been operating in China for 12 years, and its closure was announced on July 18. It