Tag Archives: companies

Russia has temporarily nationalized the assets of two major food and beer manufacturers. All foreign shares of Danone Russia, which is controlled by its French parent company, and Baltika Breweries, controlled by the Danish Carlsberg Group, have been handed over to the Russian Federal Property Management Agency following a presidential …

A number of Estonian companies have applied for a temporarily exemption from the EU’s anti-Russia sanctions, state broadcaster ERR reported on Wednesday, citing the Estonian Foreign Ministry. According to the report, the ministry made public a list of 28 companies that wish to continue importing oil products from Russia, despite …

American power providers are facing supply shortages that stem from increased pressure on the grid due to record-high temperatures, as people boost the use of air conditioning, Reuters reported on Wednesday. According to Refinitiv data, the weather in the US has already been some 21% warmer than the 30-year average. …

Almost 250 international companies continue to operate in Russia, including more than 100 EU enterprises, according to a list compiled by Yale’s Chief Executive Leadership Institute. Since the launch of the Russian military offensive in Ukraine in late February, the institute has been tracking the responses of more than 1,200 …

Every year when the month of June comes around, there is a change in the air – everything is rainbow-coloured and paraded, and every corporation puts its best inclusivity hat on. The whole world, and especially the US, is no stranger to commercial exploitation of holidays. In that regard, the …

The head of Russia’s Investigative Committee, Alexander Bastrykin, has told RT that his team is making progress in a criminal probe into Ukraine’s alleged Pentagon-funded bioweapons program. “The analysis of the obtained documents allowed us to clearly identify the people involved in the military biological activities in Ukraine, including representatives …

Italian Minister of Ecological Transition Roberto Cingolani told Politico on Monday that Italian companies should “go ahead and pay in rubles” for Russian gas, as Moscow has demanded. Although his ministry later said that it does not back such a move, 10 EU nations are reportedly planning to do the …

White House Press Secretary Jen Psaki insisted on Monday that the US government had no part in the decision of a large number of Western companies to pull out of the Russian market amid Russia’s conflict with Ukraine. Upon being asked by a reporter whether Western companies still operating in …

Poland’s government is proposing to introduce additional taxes on any of the country’s companies that continue to operate in Russia, government spokesman Piotr Muller said at press conference in Warsaw on Monday. According to Muller, the issue of additional taxation for entities that continue business activities in Russia is being …

The Chinese government is offering companies involved in the manufacture of spacecraft, rockets and satellites a hefty financial incentive to relocate to Wuhan, seeking to reinvent the city as a “valley of satellites” by 2025.  Wuhan announced the official launch of its plans to turn the city into a $15.7 …