Category: New Sanctions on Russia

Speedy Bankruptcy Offered By Russia As One of Three Choices For Foreign Firms

March 4, 2022
British PetroleumBusiness & EconomyEuropeMarketsNew Sanctions on RussiaRussia Ukraine invasionRussia-Ukraine WarToyota Motor CorpWorld
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Russia is offering foreign companies, seeking to exit the country, fast-tracked bankruptcy options as businesses face increasing challenges from western sanctions imposed as a result of Moscow’s initiation of war against Ukraine. The fast bankruptcy plan “will support the employment and social well-being of citizens so that bona fide entrepreneurs can ensure the effective functioning…

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Russian Companies Barred From UK Insurance Market, Isolation Proving Costly to Economy

March 3, 2022
Business & EconomyCompaniesEuropeLloyd's of LondonMarketsNew Sanctions on RussiareinsuranceRussia-Ukraine WarUKUK insurance companiesWorld
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London has announced its decision to prohibit Russian entities in the aviation and space industries from accessing its insurance market as part of sanctions against Moscow for invading Ukraine. “The UK Government will bring in legislation to prohibit UK-based insurance and reinsurance providers from undertaking financial transactions connected with a Russian entity or for use…

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Toyota Becomes Latest Japanese Company Suspending Operations in Russia

March 3, 2022
Asia & PacificBusiness & EconomyCompanieseconomic policiesEuropehondaMarketsMazdaNew Sanctions on RussiaRussia-Ukraine WarToyotaWorld
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Japanese automaker Toyota has announced its suspending operations at its only Russian plant, joining other manufacturers from the country who are restricting trade or planning such a move in Russia. “Toyota Motor Russia will stop production at its St-Petersburg plant from 4 March and has stopped imports of vehicles, until further notice, due to supply…

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Top Container Lines Cancel Shipping to Russia, Essentials Allowed With Increase in Scrutiny

March 1, 2022
Business & EconomyEuropeHapag LloydMaersk LineMarketsNew Sanctions on RussiaRussia Ukraine invasionRussia-Ukraine Warshipping industryWorld
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Two of the biggest container lines in the world, the Mediterranean Shipping Company (MSC) and Maersk, have announced the temporary suspension of shipping activities to and from Russia after the country was subject to international sanctions and other isolating measures. The MSC suspension came into effect on March 1 and will cover all access areas…

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Republican Governors Call for Boycott of Retail Russian Products Like Vodka

February 27, 2022
boycottBusiness & EconomyCompaniesEuropeInternationalNew Sanctions on RussiaPoliticsRepublicansRussia Ukraine invasionRussia-Ukraine WarUSUS NewsWorld
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Russia’s invasion of Ukraine has triggered boycotts in the United States, with governors of four states seeking to limit the sale of Russian products, mostly vodka. “I’ve asked the members of the Texas Restaurant Association, Texas Package Stores Association & all Texas retailers to voluntarily remove all Russian products from their shelves. Texas stands with…

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GOP Governors Call for Retail Boycott of Russian Products Including Vodka

February 27, 2022
boycottBusiness & EconomyCompaniesEuropeInternationalNew Sanctions on RussiaPoliticsRepublicansRussia Ukraine invasionRussia-Ukraine WarUSUS NewsWorld
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Russia’s invasion of Ukraine has triggered boycotts in the United States, with governors of four states seeking to limit the sale of Russian products, including vodka. “I’ve asked the members of the Texas Restaurant Association, Texas Package Stores Association & all Texas retailers to voluntarily remove all Russian products from their shelves. Texas stands with…

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Russia Selling Oil at Deep Discount Following Ukraine Invasion, Traders Wary of Sanctions

February 25, 2022
Brent crude oilBusiness & EconomycommoditieseconomyEuropeMarketsNew Sanctions on RussiaRussia-Ukraine WarUrals crude oilWorld
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Russia’s crude oil is being sold at record discount rates as the country faces tough sanctions from Western nations following its invasion of neighboring Ukraine, but traders have remained cautious and stepped back from buying the discounted fuel. Moscow is offering Urals crude oil at a discount of $11.60 per barrel below Dated Brent, the…

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