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Russia’s biggest foreign investor in the timber industry is getting rid of its stake. US-based International Paper is selling its stake for less than it bought it 15 years ago. This is noted in a company’s statement [https://internationalpaper2015.q4web.com/news-releases/press-r/2023/International-Paper-Reaches-Agreement-to-Sell-Ownership-Interest-in-Ilim-Joint-Venture/default.aspx] . International
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Japan tightened sanctions against Russia following its latest wave of missile strikes in Ukraine. The new sanctions include adding certain goods to an export ban list and freezing the assets of Russian officials and entities. This was reported by Reuters. > "In light of the situation surrounding Ukraine and
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Crude oil supplies from Russia have fallen to their lowest level for 2022, following restrictions imposed on Russia over its invasion of Ukraine. This was reported by Bloomberg. > “The country's overall seaborne flows fell by 117,000 barrels a day to 2.615 million barrels on a
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Germany's Wintershall Dea, Europe's leading independent oil and gas company, has announced its withdrawal from Russia, the company's CEO says. > “Over the years, we have built many personal relationships in Russia – including in our joint ventures. But the foundations of our work in
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Since the beginning of 2023, Germany has completely phased out energy supplies from Russia: coal, gas and oil. This was announced [https://www.facebook.com/Bundesregierung/posts/pfbid0QgBASRo9gYVXWdmdYWZ3aUnGYi1crWGR5M7XsHS9wJhCLS4zSeThxqyMuyf5mCSxl] by the German government. The German government noted that before Russia's full-scale invasion of Ukraine, 55% of the country'
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Apple has refused to adapt its new iPhones to Russian mobile operators' networks, thus leaving the line of new iPhones 14 in Russia without support for a number of features that improve communication quality. This was reported by the Russian edition of Kommersant with reference to mobile operators. In
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The French engineering company GTT (Gaztransport & Technigaz) ceases [https://gtt.fr/news/ukraine-russia-update-gtts-exposure] its operations in Russia. The company is a world leader in the production of membrane containers for transportation of liquefied gas. GTT said it has terminated cooperation with Russian shipbuilder Zvezda on a contract to build
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Russian oil is already selling at less than half international prices, with its price well below the cap set by the G7 countries to limit the Kremlin's revenues. Urals crude cost $37.8 a barrel at the Baltic Sea port of Primorsk. Global benchmark Brent was selling for
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The apps of a number of carmakers have stopped working in Russia. In particular, the apps of Skoda, Kia, Infiniti and Nissan do not work in the country anymore. This was reported by the Russian pro-Kremlin agency TASS. These are applications that allow, among other things, to track the location
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American clothing, footwear and accessories manufacturer Michael Kors has decided to stop supplying goods to Russia, Russian media Izvestia reported. Its shops will sell other brands, supplied by the BNS Group, the same distributor which used to work with Michael Kors. Former Michael Kors shops will sell goods of MEXX,
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China's largest shipping company China Cosco Shipping refused to carry Russian oil, Bloomberg reports. Also, Greece-based Avin International Ltd., whose fleet includes 35 tankers with a total capacity of 2.5 million tons, stepped back from moving ESPO crude since December 5, too.
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Japanese companies Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance will stop insuring against military risks for ships passing through Russian waters from January 1. They have already begun notifying ship owners of this decision. This means damage coverage will not be provided anywhere in