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Articles with tag "business"
customs data
EU Firms Supply $630Mln in Equipment to Russia’s Arctic LNG 2 Project Despite Sanctions
The largest suppliers were companies from Italy, France, Germany, the Netherlands and Spain.
full divestment
Danone Seeks to Sell Russian Operations to Chechen-Linked Businessman – FT
The potential sale price of $191.5 million was said to represent a 56% discount on Danone’s market value.
2 Min read
Feature
Russian Entrepreneurship in Serbia Booms as Wartime Emigres Settle Down
Russians registered some 9,000 new businesses in Serbia by the end of 2023, a number that is set to grow in 2024. Serbians have mixed feelings.
4 Min read
business exodus
10K Foreign-Affiliated Companies Have Exited Russia Since Ukraine Invasion – Report
Overall, Vedomosti said 23,500 companies with foreign co-owners have been liquidated since March 2022.
2 Min read
no deal
Cosmetics Brand Avon Halts Russia Exit – Reports
Avon’s reversal is linked to Russia’s requirement for exiting companies to sell their assets at discounts of up to 50%, Kommersant reported.
2 Min read
new precedent
Putin Seizes Exiled Billionaire’s Car Dealership
It appears to be the first confiscation of a Russian-owned business since Putin invaded Ukraine and started seizing the assets of exiting Western companies...
1 Min read
baltika battle
Russian Brewery Executives Arrested for Brand Sales to Carlsberg – Reports
Police and Federal Security Service (FSB) agents reportedly carried out more than a dozen searches at offices affiliated with Baltika in St. Petersburg...
1 Min read
baltika battle
Moscow Denies It Stole Carlsberg’s Subsidiary in Russia
The comments come after Carlsberg's CEO said Russia had "stolen our business" and explained his company would not enter a deal with the Kremlin.
1 Min read
'supplying the aggressor'
Kyiv Names Nestle 'Sponsor of War' Over Russia Operations
Nestle says its operations in Russia are "focused on providing essential and basic foods to the local people."
1 Min read
'impair the value'
Carlsberg Ends Licensing Deal with Russian Unit After Seizure
"We will fully impair the value of our business in Russia," the company said Tuesday.
1 Min read
continued involvement
Western Firms Continue to Dominate Russian Market in 2023 – Forbes
The latest ranking of the top foreign companies operating in Russia also saw Chinese corporations gain significant ground.
2 Min read
butting out
British American Tobacco Finalizes Exit From Russia
The maker of Kent and Rothmans cigarettes said the deal would keep its estimated 3,000 Russian and Belarusian employees afloat for at least two years...
1 Min read
last sip
Heineken Exits Russia, Sells Operations for 1 Euro
The company apologized in March for creating "ambiguity" on its vow to leave the country, saying it was hoping to secure jobs for its Russian employees...
2 Min read
'challenging environment'
Domino’s Pizza Files for Bankruptcy in Russia
The company's regional franchise operator reportedly failed to sell its Russian business but did not explain the reason for the failed sale.
2 Min read
tycoon turmoil
Russia Files Lawsuit Against Country's Wealthiest Businessman
Andrei Melnichenko is accused of “corrupt collusion” in a deal to buy a Siberian power plant operator from an ex-minister who is currently on trial...
1 Min read
opinion
Farida Rustamova
and
Maxim Tovkaylo
One Question for Arkady Volozh and Other Russian Billionaires
Who will deal with what is happening inside Russia? This is a question posed not only for Volozh to answer, but for all Russian businessmen.
5 Min read
red ink
European Companies Record Billions in Losses From Russia Operations – FT
Energy and utility groups suffered more than half of the losses, with banks, chemicals, industrial and automobile companies making up the rest.
2 Min read
Feature
Russia’s IKEA Copycat Lacks Variety, Quality and Meatballs of Original
Customers at "Gud Lakk" told The Moscow Times they disagreed with the company's claims that it offers the same quality and variety as IKEA.
4 Min read
state trumps all
Moscow Seeks ‘Super Priority’ Over Exiting Strategic Foreign Companies – Interfax
“Russia’s preferential right to acquire shares is realized regardless of the preferential rights of other persons,” a draft decree reportedly says...
2 Min read
Feature
Russia’s Surging Trade With China Creates Infrastructure Headaches
Russia’s logistics network is creaking under the weight of record trade with Asia.
4 Min read
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