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Following Sweden's Ericsson, Finland's Nokia, one of the largest telecom equipment manufacturers, has decided to finally withdraw from Russia by the end of 2022, Reuters reports. Two of the three key suppliers of telecommunications equipment (the third is China's Huawei) have thus left Russia,
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Ericsson, a Swedish multinational networking and telecommunications company, announced plans to close its representative office in the Russian Federation by the end of 2022 and cut all its employees. Earlier, the company stopped supplying equipment to Russia and now it is planning to close all its divisions in Russia. Ericsson
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Chinese automaker Chery will not produce cars at the site of the Ulyanovsk Automobile Plant (UAZ) in Russia because of sanctions. This was reported by Vedomosti. In July, the share of Chinese cars on the Russian market exceeded 24%, with Chery being the most popular among Russian citizens.
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American-Swiss company Logitech, which produces keyboards, computer mice and webcams, is leaving the Russian market completely. This was reported by CNews with reference to its sources. The last work day of the employees in the Russian office will be on August 31. In April, the company suspended deliveries of its
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Danish pump manufacturer Grundfos has announced that it is closing its business in Russia and Belarus and dismissing employees. This was announced in a statement on August 24. On March 3, 2022, Grundfos paused its business in Russia and Belarus. Since then, Grundfos has been winding down its operations. As
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German Mercedes-Benz wants to sell its car assembly plant in the Moscow region, Kommersant reports. The plant has been put up for sale and the deal is in its final stages, with a Russian dealer becoming the buyer. Avtodom could be one of the buyers. Mercedes-Benz's Russian office
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Russian cinemas cannot show IMAX films even though the equipment belongs to them. To screen films, they need a permission from the IMAX company which left Russia. IMAX withdrew completely from the Russian market as of June 1. The ban applies to Russian films as well.
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Australian manufacturer of personal protective equipment Ansell has announced plans to withdraw from the Russian market. This was reported by Forbes Russia citing a statement by the company's CEO Neil Salmon. Ansell needs to find a way to close down its operations in Russia that takes into account
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Storytel, a Swedish e-book and audiobook subscription service, will stop working in Russia on October 1. Funds for paid subscriptions will be refunded. If a user has had a subscription for several months, the money for the unused period is promised to be refunded by September 30. Storytel is one
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American Citigroup will wind down its consumer operations in Russia. The company began looking for a buyer for Citibank back in 2021, but faced difficulties because of the sanctions and restrictions imposed in Russia on investors from so-called "unfriendly" countries. Citi has announced that it is winding down
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Information on the website of Latvian President Egils Levits president.lv will now be provided only in Latvian and English, while the Russian version has been removed. Earlier, the Latvian Ministry of Justice said it was preparing a draft law to restrict the use of Russian at work and in
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One of the biggest computer manufacturers DELL is leaving Russia for good. According to a source close to Dell, 30 August is the last day for employees to work at the company. The company is laying off its entire workforce, CNews reports. Six months ago, the company stopped supplying its