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Germany Approves Finland and Sweden’s Bid to Join NATO
The Bundestag became the latest legislature to approve the process after Canada, Estonia, Denmark and Norway.
Economy
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Canadian Four Seasons Suspends Direct Hotel Management in Russia
Canadian operator of luxury hotel chain Four Seasons has suspended the direct management of hotels in Russia. Hotels in Moscow and St. Petersburg disappeared from the global Four Seasons portal, but employees of both hotels said they will continue to operate under the Four Seasons brand. The first Four Seasons
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French Oil Major TotalEnergies Quits Russian Oil Project
> "TotalEnergies has agreed to transfer to Zarubezhneft the remaining 20% interest that the company held in the Kharyaga oil field," a spokesman for the French company was quoted by Reuters.
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Kazakhstan Wants to Export Oil Bypassing Russia
Kazakh President Kassym-Jomart Tokayev instructed to diversify oil export routes after another Russian blockage of terminals in Novorossiysk. It was through these terminals that Kazakh oil was shipped to the EU. In the face of Russia's blocking of Kazakhstan's exports, Tokayev said the Trans-Caspian route, which
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Bloomberg: The U.S. And Allies Want to Limit the Price of Russian Oil to $40-60 a Barrel
The United States, along with its allies, discussed a way to reduce the price of Russian oil on the world market. They want it to be at the level of $40-60, which would seriously hit Russian revenues.
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Austria Will Give Gazprom’s Haidach Storage Facility to Other Operators
Federal Chancellor Karl Nehammer said the storage facility is not full and belongs to the country. Austria will continue to use it in the future, Reuters reported.
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HSBC Is in Talks to Sell Its Russian Unit to Expobank
Britain's largest bank, HSBC, is in talks to sell its Russian unit to a local lender – Expobank, Bloomberg reports. The deal would mark another exit of an international lender after the Russian invasion of Ukraine.
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Volvo Group to Lay off Some of the Russian Staff
The company produced trucks in Kaluga, but after the start of the war in Ukraine and the imposition of sanctions, the plant is idle. Imported components simply cannot be imported.
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Yum! Brands to Fully Exit the Russian Market
American company Yum! Brands (KFC and Pizza Hut) said it was in talks to sell Russian restaurants KFC to a local operator, after which it would completely leave Russia.
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New Zealand Will Ban Imports of Russian Gold
The country's Foreign Ministry said that such a decision ensures that New Zealand will not become a safe haven for Russian gold assets. The ban is to take effect from July 25.
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Britain Introduces New Sanctions Against Belarus
Starting July 5, the UK government will introduce new economic, trade and transport sanctions on Belarus as the Lukashenko regime continues to actively facilitate Putin’s illegal invasion. The package extends some of the significant measures made against Russia to Belarus, including import and export bans on goods worth around
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Canada Imposes Additional Sanctions Against Russia
The Canadian government has adopted a new package of sanctions against Russia, which includes a ban on the export of certain advanced technologies that could improve Russia's domestic defense manufacturing capability. This includes quantum computers, advanced manufacturing equipment, related components, materials and software. A corresponding statement has been