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Swedish Company Essity Is Leaving the Russian Market
Swedish company Essity, which produces hygiene products, is leaving the Russian market. It owns the brands Zewa, Libresse, Leukoplast, Tork.
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More Than 75% Of Foreign Companies Curtailed Their Activities in Russia
Since the start of the invasion of Ukraine, the Yale School of Management has been tracking claims from more than 1,000 companies. Out of these, 750 companies have already publicly announced that they are voluntarily curtailing their activities in Russia. There is also a list of companies (about 191
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Oil Company Exxon Mobil to Leave Russian Market Entirely by June 24
One of the largest oil companies in the world Exxon Mobil is planning to leave Russian market entirely by June 24. Last month, Exxon Mobil recalled its workers (US citizens) out of Russia. First of all, those were workers of large oil and gas sourcing enterprises on Sakhalin, including the
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Biden Announced That All Ships Linked to Russia Are Banned From Entering US Ports
"That means no ship, no ship that sails under the Russian flag or that is owned or operated by a Russian entity will be allowed to dock in a United States port or access our shores. None," Biden said Thursday. Previously EU and Canada have closed their ports
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The UK Will Impose Trade Sanctions Against Russia
The UK will impose trade sanctions against Russia. It will ban the import of silver, wooden crafts, caviar, and other products from Russia. Also, the British authorities decided to increase tariffs by 35 percentage points on around £130m worth of products from Russia and Belarus, including diamonds and rubber. This
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Marvel to Leave Russia Without Superheroes
Marvel will not renew the license for Russian publishers and will not sell comics in Russia.
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The Czech National Bank Revoked the License of Sberbank CZ
The Czech National Bank revoked the license of Sberbank CZ, part of the Sberbank Europe group.
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Binance Crypto Exchange Limits Russia Services
Crypto-exchange Binance has decided to limit access to its services for users who live in Russia and have assets over 10,000 EUR, the company stated on its website. Clients of the site will only be able to use the withdrawal function. They will not be able to trade on
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Austria Has Stopped Importing and Refining Oil From Russia
Austria-based integrated oil and gas company OMV said it is not refining Russian crude grades in its European refineries, Reuters reports.
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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.
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Montenegro Banned Propaganda Media Russia Today and Sputnik
Montenegro banned the Russian state-controlled propaganda media Russia Today and Sputnik to comply with the European sanctions imposed over the war in Ukraine.
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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.