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'impossible' situation

H&M to Wind Down Operations in Russia – Company

H&M said it would reopen stores in Russia "for a limited period of time to sell remaining inventory" as part of the exit process.

Kazakhstan Seeks to Attract Foreign Brands Exiting Russia

Kazakh President Tokayev called on creating “favorable conditions” for the businesses that left Russia over its invasion of Ukraine.

Lego to Cease Russian Operations 'Indefinitely,' 81 Stores Impacted

The world's largest toymaker cited the "continued extensive disruption in the operating environment."

Lush Cosmetics Forced Out of Russia by Supply Crunch – Kommersant

Russia’s new “parallel imports” scheme has been unable to revive supplies.

seizing opportunity

Russia Replaces Disappearing Western Gadgets With Chinese Brands

Analysts interviewed by Kommersant said they expect well-known Chinese brands to cement their leadership in the Russian market.

'context of uncertainty'

Michelin Tire Group to Give Up Russia Business

The French tire maker will transfer its activities in Russia to local management.

ending presence

Cisco Announces Wind-Down of Operations in Russia, Belarus

A growing number of Western businesses are now completely exiting Russia instead of keeping their operations suspended.

Nike Says Permanently Exiting Russian Market

The U.S. sportswear giant had suspended its Russian operations nearly four months ago.

market withdrawal

IKEA to Close Russian Stores – Vedomosti

The store's reported closures follow its announcement last week that it will scale down operations in Russia.

diminished event

In Photos: Russia Holds Showcase Economic Forum in War's Shadow

This year's St. Petersburg International Economic Forum (SPIEF) lacked the Western presence of years past.

'difficult but necessary'

IKEA to Scale Down Operations in Russia, Sell Factories – RBC

The furniture giant is taking the next step in winding down its Russia-based operations after temporarily suspending them in March.

economic isolation

7 in 10 European Businesses to Cut Russia Investment – Poll

Supply chain disruptions, lower sales volumes and difficulties with payments are forcing businesses to revise their forecasts.

turning a new page

Deloitte’s Russian Branch Restarts Operations Under New Brand – Reports

The consultancy giant's former Russian partner will operate independently under the name Business Solutions and Technologies.

Russia Says Will ‘Go to Court’ if Declared in Default

Credit ratings agency S&P said Russia had gone into "selective default" after it repaid dollar-denominated bonds in rubles.

russian rebrand

Russians Eye Departed Western Brands’ Trademarks

As international companies leave the Russian market, enterprising Russians hope to claim the logos they leave behind.

Johnson & Johnson, Decathlon Halt Business in Russia

Hundreds of major Western companies have already left the Russian market over the war in Ukraine.

Month-long pause

Moscow Stock Exchange Partially Reopens After One-Month Closure

Trading renewed for only around 30 of the largest companies that make up the ruble-denominated MOEX Russia Index, which saw early gains of over 10%.

bracing for impact

For Russia's Small Businesses, Instagram Ban Deals a Huge Blow

Already facing the economic shock of sanctions, Russia's entrepreneurs have now lost a critical means of running their businesses.

Moscow Threatens Western Companies With Arrests, Seizures: Report

The Russian embassy in the United States on Sunday dismissed the report as "fake."

quick turnaround

In Reversal, Uniqlo Suspends Business in Russia

The announcement came after the company's president said the conflict should not deprive people in Russia of clothing.

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