Worldwide
After a year of Russia’s unprovoked war in Ukraine and increased pressure on Ankara from the United States and Europe, this month, Turkey has stopped the transit of sanctioned goods to Russia. This is reported [https://www.reuters.com/world/middle-east/turkey-halts-transit-sanctioned-goods-russia-exporter-diplomat-2023-03-20/] by Reuters. The Turkish government gave companies
Worldwide
The Canadian government has announced [https://www.canada.ca/en/department-finance/news/2023/03/canada-bans-russian-aluminum-and-steel-imports.html] a ban on imports of Russian steel and aluminum as part of the sanctions for Russia's full-scale invasion of Ukraine. The sanctions apply not only to steel and aluminum, but also to
Worldwide
French company Adeo, the owner of retailer Leroy Merlin, announced [https://www.adeo.com/en/news/adeo-announces-its-intention-to-transfer-control-of-leroy-merlin-russia-to-the-local-management/] its plans to transfer the control over Leroy Merlin Russia to the local management. > "After more than 18 years of activity in Russia, transferring control of Leroy Merlin to the local
Worldwide
Foreign importers, who are the main suppliers of parallel import equipment, might soon begin to refuse to cooperate with Russian distributors, Izvestia writes. This will lead to a significant increase in the cost of equipment and its deficit. The reason for this is the new U.S. sanctions that impose
Worldwide
The United States have expanded export restrictions on Russia, according to a report [https://sanctionsnews.bakermckenzie.com/us-government-imposes-new-sanctions-export-controls-and-tariffs-targeting-russia-and-belarus-to-mark-one-year-anniversary/] from the U.S. Department of Commerce. Restrictions apply to goods made in the United States, but any product in which American technology or components account for 25% is considered as such.
Worldwide
The total amount of assets of Russian individuals and legal entities frozen in Belgium over the past year since the beginning of a full-scale invasion of Ukraine by Russia is 58 billion euros. This is noted in the statement [https://vanpeteghem.belgium.be/nl/1-jaar-sancties-tegen-rusland-58-miljard-euro-bevroren-en-tienduizenden-containers-gecontroleerd] of the Belgian Minister of
Worldwide
Representatives of the United States of America and the European Union discussed the imposition of sanctions on Russia’s diamond industry during a meeting with the heads of leading diamond companies. This was stated [https://www.state.gov/state-department-and-european-commission-engage-diamond-industry-to-discuss-next-steps-on-russian-diamonds/] on the official website of the US Department of State. Specifically,
Worldwide
Popular German tire and automotive parts manufacturer Continental AG is closing its Russian business, CEO Nikolai Setzer announced. According to him, the last year brought many challenges to the company caused by the growth of prices for raw materials, energy, and logistics. However, the main reason for this decision is
Worldwide
A Mediascope study cited by Vedomosti said that Instagram’s average daily reach over the year was five times less than that in February 2022: back then, the figure was not 6%, but 31%. This figure for the same period went down 3.5 times for Facebook – from 7% in
Worldwide
One of the leading tire manufacturers in the world, French Michelin Group, has found a buyer for the plant in Davydovo in the Moscow region, which has been idle since the beginning of full-scale war. It was reported by Kommersant, citing sources. The asset will reportedly be bought by the
Worldwide
Binance has closed the purchase and sale of dollars and euros via its peer-to-peer service for citizens of Russia. The restrictions are being imposed in line with the EU’s 10th package of sanctions against Russia. EU citizens, for their part, were banned from conducting transactions in roubles via the
Worldwide
Japanese industrial equipment manufacturer Yanmar Holdings is ceasing operations in Russia, the company said in a statement [https://www.yanmar.com/global/news/2023/03/08/121416.html]. > “The Yanmar Group will cease all operations at our local subsidiary, Yanmar RUS LLC, as soon as procedures are completed. The