Worldwide
Serbia has aligned with EU sanctions on Belarus over the war in Ukraine due to, as stated in the EU decision, “the situation in Belarus and Belarus’s involvement in the Russian invasion of Ukraine.” Earlier, Serbia, which Moscow considers its strategic partner in the Balkans, called Russia a "
Worldwide
Finland has completed negotiations with the American company Excelerate Energy on the lease of an LNG terminal vessel for 10 years. The Exemplar LNG terminal vessel for 68 thousand tons of LNG (94 million cubic meters of gas) will be moored off the coast of Finland or Estonia, depending on
Worldwide
On Sunday, there will be no Russian gas, oil or electricity in Lithuania, Energy Minister Dainius Kreivys was quoted by a foreign media. > "This is a very important milestone not only on Lithuania's path to energy independence. It is an expression of our solidarity with the
Worldwide
The company has been operating in Russia since 1993 and employs over 400 people. The main Russian entity Kelly Services had revenues of around 8 billion rubles in 2021.
Worldwide
Russian officials have estimated that the economy will decline by the end of 2022 by 8.8 percent, according to the Defence Intelligence of Ukraine. Under the most optimistic scenarios for Russia, oil production would decline by 9.3% and gas production by 5.5%. Exports would also fall by
Economy
Because of the sanctions, Russian textile processors were left almost without raw materials. Now it is necessary to increase the collection of old clothes by seven times, similar to the system of collection of waste paper, but it will take years, say market participants.
Worldwide
Hungarian energy group MOL, which is one of the largest in Eastern Europe, began preparations for the modernization, allowing its three refineries to process exclusively non-Russian oil, Financial Times reports. Hungary is currently the country blocking the sixth package of EU sanctions against Russia for its invasion of Ukraine that
Worldwide
On May 18, American pharmaceutical company Bristol-Myers Squibb (BMS) began the process of transferring the Russian business to its partner in Central and Eastern Europe – Swixx BioPharma. BMS will also suspend all clinical trials in Ukraine, Belarus, and Russia. Employees of the Russian division of BMS were offered to transfer
Worldwide
The British Government has introduced new sanctions against the Russian airline industry. The list includes state-owned "Aeroflot", as well as "Ural Airlines" and "Russia". Russian air carriers will now not be able to sell their unused seats at UK airports.
Worldwide
India seeks alternative suppliers of military gear and ammunition including domestic firms and eastern European nations, as Moscow is fighting a war with Ukraine and facing sanctions, Reuters reports. New Delhi has long talked of diversifying the suppliers to its huge armed forces, and even making more equipment at home,
Worldwide
The arrest of the bank account by the authorities does not allow the company to pay its staff or fulfill its financial obligations, WSJ reports. Most of Google’s Russian employees opted to leave the country and continue to work for Google outside Russia, with a large number ending up
Worldwide
The Finnish gas company Gasum, contrary to the demands of Russia, refused to pay for Russian gas in rubles.