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The French company that owns Sephora, a chain of perfumery and cosmetics stores, will transfer all 88 Russian boutiques to the regional manager, Agence France-Presse (AFP) reported on Monday, citing a company statement. According to the …
Sweden’s Electrolux Professional is selling its business in Russia to its local management and leaving the country, the company said on Monday. “As a result of the continued war and sanctions, we foresee that we will not be …
ArcelorMittal, the largest steel producer outside China, resumed steel supplies to Russia through Kazakhstan in June, a source in Russia’s metals industry told TASS. "Mainly hot-rolled mill products [are supplied to …
Russia’s state energy giant Gazprom and top lender Sberbank decided Thursday not to pay their investors dividends for 2021, sending the companies’ shares downward. The shareholders of Gazprom at the annual meeting did not …
Michelin intends to transfer its activities in Russia to local management by the end of the year, the French tire maker said on Tuesday. “Michelin now confirms that it is technically impossible to resume production, due in …
Finnish elevator maker Kone said on Tuesday it will sell its business in Russia to local management for an undisclosed amount. The firm had already reduced its activities in late February, it said in a statement, adding that Russia …
UK-based IHG (InterContinental Hotels Group), the owner of Holiday Inn, Crowne Plaza and InterContinental hotel chains in particular, will terminate operations in Russia, the company said on its website on Monday. "We are now in …
The Ingka Group holding, which owns IKEA stores, expects to return to Russia. This is stated in the company's message, Reuters said. "Having a long history in Russia, with great colleagues and a dream to furnish the …
The manufacturer of network equipment and software, Cisco, has begun a gradual exit from the markets of Russia and Belarus. This is stated in the American company's press release. "Today we have decided to start phasing …
PPG (owner of Tikkurila) announced its withdrawal from the Russian market, the company said in a statement on its website. "Currently, we continue to make only a minimum amount of sales sufficient to generate enough local currency …
The Russian State Duma has passed in the third reading a law that introduces a ban on issuing licenses for subsoil development to foreign companies. In order to continue working they will have to set up legal entities in Russia and transfer them …
Google's subsidiary in Russia, Google LLC, has filed for bankruptcy. The motion for bankruptcy was lodged with Moscow's Arbitration Court on June 16, according to the database of arbitration cases. Google LLC posted a …
Coca-Cola HBC AG is reducing its capacity, Coca-Cola products will not be sold in Russia in the future, Reuters reports. According to a statement from the company's US headquarters, which includes manufacturers and distributors of …
IKEA will sell its four factories in Russia and leave the retail business in the county stopped, which will result in a reduction of workforce, the company said in a statement on Wednesday. "Businesses and supply chains across the …
Iran is considering canceling visas for Russian businessmen in an effort to encourage investment, Iran's Deputy Foreign Minister for Economic Diplomacy Mehdi Safari said. "Three issues - energy, trade and transit - are the most …
Western companies lost more than $59 billion after leaving Russia. This is stated in the Yale University's study, according to the Wall Street Journal. According to the data, about 1,000 companies have already announced …
Adidas does not plan to resume commercial operations in Russia, a company spokesperson said. "Operations of Adidas stores and online sales in Russia have been suspended until further instruction; this also pertains to delivery of …
Lukoil will rebrand over 400 Shell’s retail stations acquired last month as the Finnish Teboil, the oil major said in a statement on Tuesday. "Following extensive discussions with the leaders and employees of Shell's …
The American company Hewlett Packard Enterprise (HP) is leaving Russia. "It is no longer reasonable for us to continue operating in Russia and Belarus, and we continue to systematically wind down our remaining …
The Russian Export Center will help Russian and Turkish exporters and importers to establish cooperation, the press service of the organization reports. The Russian Export Center's General Director Veronika …
