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Russian President Vladimir Putin approved transactions for the purchase of Russian assets of Baker Hughes by Oilfield Service Technologies LLC. The relevant order of the head of state was published on the official Internet portal of legal …
Japan’s producer of tires Bridgestone, which suspended the operation of its facility in Ulyanovsk and new investments in Russia in March, has started the process of finding a local buyer for its Russian assets, according to a statement …
Ford Motor Co said it would exit Russia as it has finalized a deal to sell its 49% stake in the Russia-based Sollers Ford joint venture for a "nominal" undisclosed price. The U.S. automaker took a $122 million …
The Spanish group Inditex, which owns the Zara and Bershka brands, will sell its business in Russia to the Daher group. This is stated in the message on the company's website. "Inditex has reached an initial agreement to sell …
South Korea’s Kia Corp. sees volatility rising in Russia, and in a worst-case scenario, may shutter its business entirely, an executive said Tuesday. “If you ask me one negative factor for sales, I’d …
Russia’s richest businessmen have seen their wealth thin out by $93.6 bln year-to-date. Renova Group founder Viktor Vekselberg tops the list with his fortune plunging by $11.2 bln to $7.24 bln as of September 1, 2022, Bloomberg …
Sweden's Electrolux has decided to exit Russia and sell its business in the country to the local management, the home appliance maker said on Friday. "Electrolux has no production in Russia and will not supply any appliances to …
France’s chemical company Air Liquide, which focuses on technical gases, has announced its withdrawal from Russia and the transfer of Russian assets to the local management, according to a statement published on Friday. "Air …
A business delegation from Azerbaijan has arrived in Russia's Bryansk,according to guberniya.tv. "Representatives of four companies from a friendly country came to look for the right products and services that companies in the …
Ericsson will wind down its operations in Russia in coming months, the Sweden-based telecommunication equipment producer said on Monday. "Since the announcement of indefinite suspension of business operations in Russia in April …
The Swedish e-book and audiobook service Storytel is set to leave the Russian market on October 1, according to the RBC news outlet, which cites the service’s letter to subscribers. "We have sad news: You will be able to use …
Sports products from Reebok will appear in the Russian stores again thanks to the Russian legal entity of the Turkish holding FLO, the brand's call center told RIA Novosti. At the same time, it is emphasized that the exact dates for …
Lindt & Spruengli has made the decision to withdraw from the Russian market, the Switzerland-based chocolate and confectionery producer said on its official website. "Following its announcement on March 9, 2022, the Lindt & …
German’s energy company Siemens Energy has announced the start of withdrawing from Russian assets, which it plans to complete by this autumn, according to a statement released on Monday. "Siemens Energy started the …
The Bank of Russia will promote acceleration of the transfer of currency assets to national currency and will introduce further measures aimed at reducing banking transactions in dollars and euro, the regulator said on its website. …
Russia's Sberbank has cut interest rates on loans for small businesses, the bank’s press service reported. The lowest rate is 12.4% per annum can be obtained if a company takes a loan to purchase real estate for commercial …
Otis announced the sale of its business in Russia, the producer of elevators and hoisting equipment said in its press release. "The agreement on the sale of our Russian business has been achieved; the transaction is expected to be …
Food packaging and processing company Tetra Pak is handing over its Russian division to local management due to the inability to support the company's operations, the company said in a statement. Due to the cumulative impact of …
H&M has decided to initiate a process of winding down its business in Russia, as part of which it will reopen stores to sell remaining inventory, the Swedish clothing company said in a statement on Monday. H&M Group has run …
British cosmetics manufacturer and retailer Lush plans to close all of its remaining stores in Russia, national daily Kommersant reported on Tuesday, citing three retail real estate consultants. Lush plans to only maintain its online …
