Poland's Canpack announces full exit from Russia
Canpack, an international metal packaging manufacturer headquartered in Poland, has announced its complete exit from Russia, according to a company statement.
14.09.26Court freezes assets of Russian Nivea manufacturer
In early August, the Arbitration Court of Stavropol Region, a state commercial court, froze the assets of Beiersdorf LLC, the Russian subsidiary of Germany’s Beiersdorf, which owns of Nivea and Eucerin cosmetics brands.
10.09.26More than half of Russians found no substitute for departed foreign brands
More than half of Russians have not found a domestic alternative to foreign brands that have left Russia, a survey by CDEK.Shopping has found, RBC reports.
09.09.26Experts weighing chances of foreign carmakers’ comeback
Korea’s Kia and Hyundai could be first to return to the Russian market should the geopolitical situation shift and sanctions ease, followed by Japan’s Toyota, Mazda and Subaru, said Sergey Tselikov, head of Avtostat, an industry analytics firm, in an interview with TASS.
08.09.26EuroChem and Maire differ over London arbitration ruling
Maire, the Italian engineering group, announced on 31 August that it had won an arbitration at the International Chamber of Commerce (ICC) in London in its dispute with EuroChem entities over an unfinished contract to build an ammonia and urea plant in Kingisepp, in the Leningrad region.
07.09.26Putin orders work on an Eastern Financial Centre for foreign investment
Russian President Vladimir Putin has instructed the government, together with the Central Bank, to examine in detail the creation of an Eastern Financial Centre (EFC) to attract foreign investment.
02.09.26A third of foreign companies in Russia come from the Asia-Pacific region
Almost a third of foreign businesses operating in Russia today are companies with founders from the Asia-Pacific region, RIA Novosti reported, citing data from the Rusprofile service.
01.09.26TotalEnergies completes exit from Arctic LNG 2
France's TotalEnergies said on 27 August that it had completed the transfer of its 10 % interest in the liquefied natural gas (LNG) producer Arctic LNG 2 LLC, with the stake passing to NordLine LLC.
28.08.26Economy ministry drafts rules for opinions on foreign investors' buyback options
Russia's Ministry of Economic Development has drawn up draft rules governing the issuance, by the government commission that vets foreign investment, of the opinion and authorisation provided for in recent amendments dealing with the termination of a foreign investor's right to buy back assets in Russia.
27.08.26Russian assets of Poland's Canpack released from temporary management
The Russian assets of Canpack, the Polish metal packaging manufacturer, have been released from temporary management, according to a decree signed by President Vladimir Putin on 24 August.