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Japanese manufacturing giant resumes deliveries to Ukraine

Komatsu, Japan’s largest construction and mining equipment manufacturer, has resumed deliveries to Ukraine, halted after the launch of Russia’s military offensive, the Nikkei newspaper reported on Sunday, citing the company’s president Hiroyuki Ogawa. “Ukraine has a thriving mining industry for iron ore and other natural resources. The machines were still …

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Russian oil giant wants to sue US

Russian oil major Rosneft plans to file a lawsuit against the US Treasury Department, the company’s spokesman Mikhail Leontyev told the newspaper Vedomosti this week. Rosneft’s decision followed accusations by the Treasury that the Russian company took part in oil smuggling and money laundering for Iran’s Revolutionary Guards’ Quds Force, …

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Former Austrian FM quits Russian oil giant

Former Austrian foreign minister Karin Kneissl has become the latest prominent non-national figure to step down from the board of Russian state oil giant Rosneft. The company announced Kneissl’s resignation on Monday, saying it was thankful for the “joint work over the past 10 months that went on against the …

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Ex-German chancellor quits Russian oil giant

Former German Chancellor Gerhard Schroeder and Matthias Warnig, the executive director of the Nord Stream 2 pipeline, are stepping down from their positions on the board of Russian oil giant Rosneft, the company reported on Friday. The two directors said they cannot keep their positions, a statement from the company …

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US oil giant declares Russia force majeure

ExxonMobil said on Wednesday that its Russian unit Exxon Neftegas has declared force majeure for its Sakhalin 1 operations due to sanctions. It has become increasingly difficult to ship crude to customers, the company explained. The Sakhalin 1 project produces Sokol crude oil off the coast of Sakhalin Island in …

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Russian energy giant to quit foreign exchanges

Russia’s state-owned gas company Gazprom said on Friday it was delisting its depository receipts from international stock exchanges after the Russian government refused to agree on their further circulation. According to a statement on the company’s website, holders will have the “right to convert them into ordinary shares.” Gazprom also …

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German media giant employs Russian TV protestor

German media giant Axel Springer announced on Monday it had hired Marina Ovsyannikova, a former video editor for Russia’s Channel One. She gained celebrity in the West after staging a protest, during a live broadcast, against the Russian attack on Ukraine. Ovsyannikova, 43, will be reporting as a freelance journalist …

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Major tech giant suspends business in Russia

Taiwanese computer maker Acer has suspended its business in Russia, the company announced on its website on Friday. The multinational hardware and electronics corporation said the decision was made “due to recent developments,” referring to “the conflict between Russia and Ukraine.” The Taiwanese firm has joined the mass exodus of …

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