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German company TeamViewer has decided to completely cease any remaining business activity in Russia and Belarus. TeamViewer will not renew existing contracts with customers in Russia or Belarus. Existing TeamViewer subscriptions, which are not covered by the sanctions, will remain valid until the expiration of the contract, but it will
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RapNet, the world's largest diamond and jewelry trading platform, banned the exchange of Russian sourced diamonds from the platform amid the country's ongoing attack on Ukraine.
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The Finnish energy company Fortum announced that it will leave the Russian market amid Russia's aggression against Ukraine. The company is also looking for a buyer for its assets there.
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The German concern Siemens announced the termination of business in Russia. Previously, the company suspended new operations and international deliveries to the Russian Federation and Belarus.
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Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz agreed to work together on strengthening Russia's economic isolation during their recent conversation. This was reported on the website of the Government of Canada. As a result of the conversation, "the leaders agreed to maintain close alignment
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Russia is facing the deepest economic contraction in nearly three decades as pressure from sanctions imposed by the U.S. and its allies mounts, according to an internal forecast by the Finance Ministry. This is reported by Bloomberg. Gross domestic product is likely to shrink as much as 12% this
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Sanctions target £1.7bn worth of trade. The new import tariffs will cover £1.4 billion worth of goods – including platinum and palladium. In addition, the export ban covers £250m worth of goods, targeting key materials such as chemicals, plastics, rubber, and machinery. This is about 10% of all British
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Promtekhnologiya, a weapons maker, was sanctioned, along with seven shipping companies and a marine towing company. The White House also said the Nuclear Regulatory Commission would suspend licenses for exports of special nuclear material to Russia.
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Chinese technology companies, including computer maker Lenovo and smartphone maker Xiaomi, have slashed shipments to Russia. Firms are gradually ceasing operations in Russia due to sanctions from the U.S. and component suppliers, including Western companies, The Wall Street Journal reported.
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Google Play is blocking the downloading of paid apps and updates to paid apps in Russia starting May 5, 2022, according to the service's blog. Subscriptions that have already been paid for will be valid until the end of the period specified in the app, then they will
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The UK Government has announced that Evraz Plc has been sanctioned. The steel manufacturing and mining company operates in sectors of strategic significance to the Government of Russia. The largest shareholder of the company is Russian billionaire Roman Abramovich. Evraz Plc produce 28% of all Russian railway wheels and 97%
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The sanctions include freezing assets of about 140 additional individuals and some Russian banks. According to Japan's Prime Minister Fumio Kishida, seventy military entities will be added to the export ban to Russia as well as quantum computers and high-tech products. Japan's new sanctions on Russia