Russia and Sweden

Sweden expels five Russian diplomats

Sweden expels five Russian diplomats

Five Russian diplomats will be expelled from Sweden. The country's Foreign Ministry informed the Russian ambassador about this.

Sweden's SKF to exit Russia

Sweden's SKF to exit Russia

Swedish bearings maker SKF said on Friday it would leave Russia and take a write-down of 500 million crowns ($52.4 million) in the second quarter. Sales in Russia accounted for roughly 2% of the company’s total sales in 2021. …

H&M temporarily suspends sales in Russia

H&M temporarily suspends sales in Russia

Swedish fashion group H&M is temporarily pausing all sales in Russia, it said on Wednesday. The world's second-biggest fashion retailer said it was deeply concerned about the tragic developments in Ukraine and "stand with …

Swedish Ambassador to Ukraine sees Nord Stream 2 as threat

Swedish Ambassador to Ukraine sees Nord Stream 2 as threat

Swedish Ambassador to Ukraine Tobias Tiberg claimed today that he considers the Nord Stream 2 project as a threat to European security. “We regret that the EU today does not have more influential levers to determine the …

Nord Stream 2 pipelay works start in Sweden

Nord Stream 2 pipelay works start in Sweden

The Solitaire vessel has started laying down pipes as part of the Nord Stream 2 gas pipeline project after reaching Sweden's exclusive economic zone. The SR radio broadcaster reported that the vessel had reached the exclusive …

Naspers buys majority stake in Avito

Naspers buys majority stake in Avito

Africa’s Naspers bought 31%stake in Russian internet advertising company Avito, paying $846 million to Kinnevik. Thus, the media group increased its stake to 67.9%. Avito, which is the largest classifieds site in …