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Storytel, a Swedish e-book and audiobook subscription service, will stop working in Russia on October 1. Funds for paid subscriptions will be refunded. If a user has had a subscription for several months, the money for the unused period is promised to be refunded by September 30. Storytel is one
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American Citigroup will wind down its consumer operations in Russia. The company began looking for a buyer for Citibank back in 2021, but faced difficulties because of the sanctions and restrictions imposed in Russia on investors from so-called "unfriendly" countries. Citi has announced that it is winding down
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One of the biggest computer manufacturers DELL is leaving Russia for good. According to a source close to Dell, 30 August is the last day for employees to work at the company. The company is laying off its entire workforce, CNews reports. Six months ago, the company stopped supplying its
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The Latvian Ministry of Justice is preparing a draft law to restrict the use of the Russian language at work and in public places. In the 2012 referendum, almost 75% of the citizens voted against the use of Russian as a second state language. The draft will soon be discussed
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Starting from November, Serbia will not be able to receive Russian oil due to EU sanctions against oil tanker deliveries from Russia, the President of Serbia Oleksandr Vučić stated.
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German household appliance manufacturer Bosch plans to sell two plants in Russia, Russian media report. The two plants are located near St. Petersburg. The Russian structure of Bosch is looking for buyers for its businesses located in the village of Strelna. The enterprises received most of the components from the
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Volga-Dnepr Group, Russia's largest group of cargo airlines, will fire more than 200 Boeing pilots of its subsidiary airlines AirBridgeCargo and Atran. The cargo carrier can no longer maintain the Western-made Boeing fleet as international sanctions remain in place. The company retained only a few crews in case
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Europe's largest operator of energy networks E.ON has reduced the value of its stake in the Nord Stream 1 pipeline by around 700 million euros due to uncertainty over the impact of Russia's war in Ukraine, Reuters reports. E.ON Chief Executive Leonhard Birnbaum told
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Yandex has shut down its food delivery services in Europe, Forbes says. The company is already liquidating its French division. The London business is also closing because Yandex could not find a buyer for the asset. Yandex changed its business model on the French and British markets and is now
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The Latvian government has suspended a number of intergovernmental agreements with Russia as of August 1, in particular, on economic cooperation. This is indicated in a statement by the country's Foreign Ministry in Latvijas Vēstnesis. Moreover, the Latvian-Russian intergovernmental agreement on the establishment of a commission for economic,
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Sales of new cars in Russia dropped by 75% in July compared with the same month last year, the Association of European Businesses (AEB) has reported. In July, sales of new cars and new commercial vehicles in Russia fell by 75% compared to July last year – up to 32,412
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Finnish energy company Tampereen Sähkölaitos announced that it had stopped purchasing fuel from the Russian-owned petroleum firm Teboil. Teboil is owned by the Russian company Lukoil.