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In the Q2 of 2022, sales of new smartphones in Russia fell to its lowest in five years. This was reported by Russian media, citing representatives of the operators Beeline and Tele2. Other features of smartphone sales in Q2 in Russia also include the growth of Chinese devices and the
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The world's largest chemical concern BASF closed its projects in Russia and Belarus, the company's report says. Assets depreciated in the amount of 51 million euros, as well as provisions for liabilities to customers, suppliers and employees in the amount of 27 million euros.
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The European Union is planning to increase gas supplies from Nigeria in preparation for potential Russian supply cuts, Deputy Director General of the European Commission’s energy department Matthew Baldwin said on Saturday. This is reported by Reuters. Nigeria plans to re-open the Trans-Niger Pipeline after August, which would increase
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The IMAX Corporation has officially left Russia, a member of the Russian Association of Theater Owners announced. The last day of IMAX official representation and work in the Russian Federation was May 31. From June 1, 2022, the company no longer works in Russia.
Economy
Russian media report that emulgators and dyes used by confectioners, which cannot be replaced without loss of taste, were on the list of goods banned from importation into Russia.
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Beijing did not enter into agreements with Russian organizations as part of this initiative, a move that signals Beijing's unwillingness to fall under sanctions amid the war in Ukraine.
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Russian media report that the Mothercare brand may leave Russia. The owner of the company, Kuwait's Alshaya Group, has started looking for buyers for its company, but the option of selling off inventory and closing the retail chain is also possible. Selling the business is the best option
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On July 14, Latvian Seimas finally adopted amendments to the Energy Law, which introduces a ban on natural gas supplies from Russia from January 1, 2023. This is stated on the website of the Parliament. The document also provides creation of strategic gas reserves in the country.
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The European Union has frozen Russian assets worth 13.8 billion euros since Russia's invasion of Ukraine on February 24. This was announced by the European Commissioner for Justice Didier Reynders. According to Reynders, more than 12 billion euros are frozen in only five member states. He declined
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The Council of Ministers of Economy and Finance of the EU finally approved the decision on Croatia's accession to the euro area from January 1, 2023. The move completes the process in the EU Council that will allow Croatia to become a member of the euro area and
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The Swedish fashion retailer H&M Group officially announced that it had decided to start the process of winding up its business in Russia. > “After careful consideration, we see it as impossible given the current situation to continue our business in Russia. We are deeply saddened about the
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A German foundation established to help Russian Gazprom in completing the Nord Stream 2 gas pipeline wants to pay €12 million to settle its liabilities to the company’s subsidiary Nord Stream AG. This is reported by Reuters. Established in 2021 with a donation of 20 million euros from Nord