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Gummy Bear Producer Haribo Will Stop Deliveries to Russia
German manufacturer of gummy bears Haribo warned the trade networks about the cessation of supply of products for the Russian market.
Economy
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Moldova Will Help Ukraine and Join Sanctions Against Russia
Moldova will send qualified de-mining professionals to Ukraine to clear up freed territories, as well as humanitarian packages to the civilians. President of the Republic of Moldova Maia Sandu spoke about it in her comment to JournalTV. Moldova will also support economic sanctions that EU implemented against Russia.
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BASF to Wind Down Activities in Russia and Belarus
BASF, the largest chemical company in the world, has decided to wind down the company’s remaining business activities in Russia and Belarus by the beginning of July 2022. This was announced in the company’s news release. Earlier, BASF suspended new business in Russia and Belarus in light of
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CoverGirl owner Coty to exit its Russia operations
CoverGirl owner Coty Inc. said it would exit its Russia operations, Reuters reports. Coty is the latest U.S. company to pull out of the country following Moscow's invasion of Ukraine.
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Switzerland Froze Russian Assets Worth Over $9 Billion
This was reported by the Swiss edition of the Neue Zürcher Zeitung without citing sources, Reuters writes. Other sanctions include a ban on imports of coal, timber, cement, seafood and caviar. Also, in Switzerland it is no longer possible to register trust funds for citizens or residents of Russia.
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Roberta Metsola Calls for an Immediate Pan-European Embargo on Russian Energy Supplies
“We are not afraid of Putin. It’s time to cut our dependencies on autocrats once and for all,” Metsola said.
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Poland Sanctions Gazprom Among 50 Russian Firms and Oligarchs
Poland is imposing sanctions on 50 Russian oligarchs and companies, the interior minister said on Tuesday, as it seeks to increase pressure on Moscow over its invasion of Ukraine, Reuters reports. Poland this month passed a law allowing it to freeze the assets of Russian entities and ban imports of
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Chinese Drone Manufacturer DJI Technology Co Ltd to Exit Russia and Ukraine
Chinese drone manufacturer DJI Technology Co Ltd has announced it is temporarily suspending business in Russia and Ukraine, Reuters reports. It is the first major Chinese firm to decide to stop selling its products in Russia since the outbreak of war in Ukraine.
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Norwegian Activists Blocked a Russian Oil Tanker
Greenpeace activists in Norway tried to block a Russian tanker carrying oil to the country. Protesters tied their canoes to the ship's chain to protest the war in Ukraine. Protesters have called on the Norwegian government to impose an embargo on Russian oil and cancel any contracts to
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Rosneft Has Been Unable to Find Buyers for 37 Million Barrels
Rosneft has been unable to find buyers for 37 million barrels (about 5 million tons) of Urals oil for delivery in May and June. The Russian oil company has not received a single application from European companies for the amount of oil offered. Rosneft, in turn, considered the proposals of
Economy
Ural Motorcycles Announced Plans to Move Production to Kazakhstan
Ural Motorcycles, manufacturer of heavy motorcycles with a sidecar, is moving production from Russia to Kazakhstan. This was announced in a video posted on the company's official YouTube channel. The move is due to a shortage of components that are subject to sanctions, as well as due to
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The EU Will Refuse Gas Supplies From the Russian Federation by 2027
This was announced by Leonore Gewessler, Federal Minister for Climate Action, Environment, Energy, Mobility, Innovation and Technology of Austria, in an interview for Kurier. > "Today Austria is 80% dependent on Russian natural gas which makes us vulnerable to blackmail, this is dangerous, and looking at Ukraine, we now