business and companies

Parallel imports in Russia to exceed $20 bln in 2022

Parallel imports in Russia to exceed $20 bln in 2022

The Ministry of Industry and Trade of the Russian Federation reviewed the forecast for the volume of parallel imports for 2022 from the previous $16 bln, Izvestia writes. “According to the Federal Customs Service of Russia, over …

Turkey takes over Reebok’s stores in Russia

Turkey takes over Reebok’s stores in Russia

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 to leave Russian market

Lindt to leave Russian market

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 & …

Timati announces purchase of all Starbucks assets in Russia

Timati announces purchase of all Starbucks assets in Russia

All Starbucks assets in the Russian Federation were successfully acquired by Timati and a restaurateur Anton Pinskiy, the singer wrote on the social network. "Now it's official: all the assets of the SB network (Starbucks - …

Yandex to buy Delivery Club?

Yandex to buy Delivery Club?

VK and Sber are in talks to sell the Delivery Club food delivery service, TASS reports, citing a source familiar with the negotiations' course. "The companies are discussing options for a deal on Delivery …

Coca-Cola leaves Russia

Coca-Cola leaves Russia

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 …

HP leaves Russia

HP leaves Russia

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 …

Georgian authorities assure: Borjomi brand not to disappear

Georgian authorities assure: Borjomi brand not to disappear

The Borjomi mineral water brand will continue its operation, Georgian Prime Minister Irakli Garibashvili assured. Earlier, IDS Borjomi Georgia, on behalf of the owner company, announced its readiness to transfer part of the share to the …

New AvtoVAZ head announced

New AvtoVAZ head announced

The ex-Minister of Transport of Russia and Vice-Governor of St. Petersburg Maxim Sokolov appointed the AvtoVAZ company president, he himself told TASS about this. The politician explained that the board of AvtoVAZ directors had …

Mastercard speaks on losses from suspension of work in Russia

Mastercard speaks on losses from suspension of work in Russia

The international payment system Mastercard suffered losses due to the suspension of activities in Russia and international sanctions against its individual customers. "Net expenses consist of $34 million in administrative expenses …

OBI stores reopen in Russia

OBI stores reopen in Russia

The chain hypermarkets for repairs and cottages OBI resume its work from April 27. On April 27, the Moscow OBI store Khodynskoye Pole will be the first to open its doors. In St. Petersburg the stores of the …

United Kingdom expands sanctions related to Abramovich

United Kingdom expands sanctions related to Abramovich

Canadian businessman Eugene Tenenbaum and businessman David Davidovich, who has Russian and Israeli passports, have been sanctioned by the UK because of their "close relationship" with businessman Roman Abramovich. The …

Ernst resigns from MTS directors board

Ernst resigns from MTS directors board

Channel One CEO Konstantin Ernst is leaving the Board of Directors of MTS since March 17. Konstantin Ernst was included in the sanctions lists of the European Union, the United Kingdom and Canada in mid-March. He was …

Western Union suspends work in Russia

Western Union suspends work in Russia

The Western Union money transfer system is suspending operations in Russia, the company said in a statement. "In light of the ongoing tragic events around the situation in Russia and Ukraine, we have decided to suspend our …