Worldwide
Procter & Gamble to Wind Down Its Business in Russia
American company Procter & Gamble announced a possible exit from the Russian market due to sanctions, restrictions on financial institutions, supply problems.
Economy
Worldwide
Tata Steel Seizes Its Cooperation With Russia
Tata Steel, Indian metallurgical giant, seized its cooperation with Russia. To ensure the continuity of the manufacturing process, all of the steel mills in India, Great Britain and the Netherlands use alternative sources for raw materials in order to stop the dependence from Russia.
Worldwide
Germany Will Stop Importing Oil From Russia by the End of the Year
Germany will stop importing oil from Russia by the end of the year, said German Foreign Minister Annalena Baerbock, Reuters reports. > "We will halve oil by the summer and will be at 0 by the end of the year, and then gas will follow, in a joint European
Worldwide
Latvia Will Give up Russian Gas by the End of the Year
The Latvian government has finally decided on the date of complete rejection of Russian gas and will completely stop buying it by January 1, 2023. Estonia also intends to quit Russian gas from 2023.
Worldwide
Japan Largest Oil Refining Company Refuses to Cooperate With Russia
Eneos Holdings Inc has no plans to buy Russian oil until all problems related to the invasion of Ukraine are resolved, Reuters reports. Japan refiner Eneos has obtained alternative supplies from the Middle East.
Worldwide
Italy Is Ready to Suspend Russian Gas Payments
In a preliminary assessment, the EU concluded that the terms of the Kremlin's payments are a clear violation of the bloc's sanctions, and if these violations are confirmed, then Italy is ready to suspend the payments. The Italian government is waiting for Brussels to complete its
Worldwide
General Motors Is Suspending Its Business in Russia
General Motors is suspending its business in Russia following the country's invasion of Ukraine. In connection with this, the American multinational automotive manufacturing corporation dismisses the employees of the Russian office. The company sent a notice to dealers that it does not intend to compensate for investments in
Worldwide
Tchaikovsky Competition Is Excluded From the World Federation of International Music Competitions
The International Tchaikovsky Competition has been excluded from the World Federation of International Music Competitions.
Worldwide
Germany’s SAP Joins Western Corporate Exodus From Russia
Business software group SAP plans to exit Russia completely in response to Moscow's invasion of Ukraine, although it said on Tuesday it might be possible for Russian users to run its software for years without support, Reuters reports.
Economy
Airline Companies Warned About Suspension of Flights of Russian-Made Sukhoi Superjet 100
The General Director of the "IrAero" company Yury Lapin said that the airlines which are using Sukhoi Superjet 100 planes cannot provide repair of their Russian-French SaM146 engines due to sanctions. This could lead to the shutdown of the SSJ 100 fleet. Three more airlines using Superjets reported
Worldwide
Emmanuel Macron Supports a Full Oil and Gas Embargo for Russia
President of France Emmanuel Macron supports a full oil and gas embargo for Russia. He declared that his country is not dependent on the supply of Russian fuel and is fully supporting embargo on oil and gas. He said it in an interview to France 5 TV channel. The politician
Worldwide
Japan’s New Package of Sanctions Against Russia Came Into Force Today
The restriction includes a ban on the import of 38 kinds of goods. The list includes beer and vodka, engine parts for ships, aircraft, cars and motorcycles, veneer, pine wood and wood chips. Their total value when imported into Japan was 15 billion yen ($118 million). Moreover, Japan will put