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The total amount of assets of Russian individuals and legal entities frozen in Belgium over the past year since the beginning of a full-scale invasion of Ukraine by Russia is 58 billion euros. This is noted in the statement [https://vanpeteghem.belgium.be/nl/1-jaar-sancties-tegen-rusland-58-miljard-euro-bevroren-en-tienduizenden-containers-gecontroleerd] of the Belgian Minister of
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Representatives of the United States of America and the European Union discussed the imposition of sanctions on Russia’s diamond industry during a meeting with the heads of leading diamond companies. This was stated [https://www.state.gov/state-department-and-european-commission-engage-diamond-industry-to-discuss-next-steps-on-russian-diamonds/] on the official website of the US Department of State. Specifically,
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Popular German tire and automotive parts manufacturer Continental AG is closing its Russian business, CEO Nikolai Setzer announced. According to him, the last year brought many challenges to the company caused by the growth of prices for raw materials, energy, and logistics. However, the main reason for this decision is
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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