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Beer giant Carlsberg Group has signed an agreement for the sale of its Russian business, the company announced in a statement [https://www.carlsberggroup.com/newsroom/carlsberg-sells-its-russian-business-subject-to-regulatory-approvals/] . The company does not disclose the buyer or the price of the deal yet. At the same time, the company added that the
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General Electric (GE) will not be able to continue servicing gas turbines at TPPs with a total capacity of 5 GW in Russia because of sanctions, Kommersant reports. Extended U.S. sanctions came into force on June 18, banning U.S. companies from providing engineering services in Russia. A service
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The Russian plant of Bosch was taken over by the state entity NAMI, which has acquired a 100% stake in a factory producing antilock brakes and other systems for cars, which previously belonged to German technology group Robert Bosch. NAMI is actively buying up assets of global automakers that left
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Mondelez, which produces such sweets as Milka and Oreo, has announced that it will have the Russian business stand-alone by the end of the year, the company announced in a statement [https://www.mondelezinternational.com/News/Statement-on-our-Operations-in-Russia] . Mondelez emphasized that it has been condemning Russia's brutal aggression against
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Scandinavian countries are boycotting the products of Mondelez International, the manufacturer of snacks and chocolate, because of its presence in Russia. SAS and Norwegian Air, railway group SJ, hotel chain Strawberry, retail chain Elkjop, shipping group Fjord Line and the Norwegian Football Association have recently announced that they would stop
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The European Central Bank continues to put pressure on banks in the eurozone, urging them to curtail business in Russia as soon as possible. More than a year after Russia began invading Ukraine, several European banks, including Austria's Raiffeisen Bank International and Italy's UniCredit, are still
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Scandinavian Airlines (SAS) has suspended the sale of all products of food giant Mondelez due to the fact that the company is on the Ukrainian list of "sponsors of war," Borsen reports. Mondelez owns such brands as Freia, Toblerone, and Daim. It has three plants in Russia, and
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European Union ambassadors agreed on the 11th package of sanctions against Russia, which includes measures aimed at counteracting the circumvention of existing restrictions and individual listings. > #COREPER [https://twitter.com/hashtag/COREPER?src=hash&ref_src=twsrc%5Etfw] II | Today, the EU Ambassadors agreed on the 11th package
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The British government has announced the expansion of sanctions against Belarus for its support of Russia. The decision underscores the active role played by Lukashenko's regime in aiding Russian military efforts and disregarding the territorial integrity of Ukraine. The new package of measures is aimed at intensifying economic
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Swedish company Essity, known for its personal hygiene products and the brands Zewa and Libresse, has announced the complete cessation of its operations in Russia. Consequently, these brands will no longer appear on the shelves of Russian supermarkets. Essity made the decision to exit the Russian market and sell its
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Canada has confiscated a transport aircraft, the An-124, owned by the Russian company Volga-Dnepr, which has been stationed in Toronto since last year. The Canadian government intends to transfer the aircraft to Ukraine. Prime Minister Justin Trudeau made this announcement during his visit to Kyiv on Saturday, June 10. The
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Nintendo of Europe has decided to curtail the activities of its Russian branch. The Russian version of Nintendo eShop will operate in a limited mode. This was announced on Nintendo’s website [https://www.nintendo-europe.com/Important-information-about-Nintendo-s-operations-in-Russia-May-31st-2023--2393864.html] . At the beginning of 2022, Nintendo suspended shipments of goods to Russia,