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Benefits for IT specialists will not help to push through Russian import substitution in IT sector

... was set by the order of the Ministry of Digital Development, Telecommunications and Mass Media of Russia (Mintsifry of the Russian Federation). But the dream of the import substitution in IT sector did not come true. Under the conditions of Western sanctions in Russia, the issue of regular supplies of high-quality equipment and raw materials for its production has become acute. In order to provide the domestic processor with its own operating system, the authorities must find a way to provide the ...

Cryptocurrency exchange Binance will limit its work in Russia

... only” mode, eliminating the ability to replenish wallets or trade on the exchange. The crypto exchange does not plan to complete work in the Russian Federation. However, Binance notes that if the global community requires the exchange to follow the new sanctions, this will be done. The current restrictions were introduced in accordance with the fifth package of sanctions against the Russian Federation. As for those users from Russia whose crypto wallets do not exceed 10 thousand euro, they will continue ...

Zara and Bershka brands may return to Russia

... requests for help from the heads of the Donbass republics. Against the backdrop of the outbreak of hostilities, the United States, the EU, and a number of other countries sharply condemned Russia's actions, which led to the introduction of unprecedented sanctions.

Peugeot and Opel cars manufacturer suspended production in Russia

... result of the merger of FCA (Fiat Chrysler Automobiles) and PSA Group, announced the suspension of cars production on the territory of the Russian Federation. The company explains its decision with logistical difficulties and the effect of international sanctions, to which the company lawfully obeys. In Russia, the company has operated a “PSMA Rus” plant in Kaluga since 2012, producing brand cars of Peugeot, Citroёn, Opel, Jeep and Fiat. 70% of the enterprise was owned by Stellantis, while the rest ...

The court left the 100 million rubles claim against Chanel without action

A multimillion-dollar lawsuit filed against the famous French brand the day before was left without action. The reasons for this were the shortcomings found in the application. Now the initiators of the case will have to eliminate them before mid-May, otherwise the claim will be returned. We should recall that earlier three people appealed to the Basmanny Court of Moscow with a cl https:// aim challenging the position of Chanel boutiques on a ban on the sale of goods worth more than 299 € to...

Moscow beauty salon began accepting payments with Chanel bags

It became possible to pay for services with Chanel bags in one of the Moscow beauty salons. The idea arose after one of the clients had offered to pay with her new branded handbag, since she did not have a bank card with her. According to the head of the salon, the idea was supported by other visitors, who also resorted to a new form of payment. Now the salon is planning to develop a price list, where the cost of services will be indicated in the new “currency”. The mechanism of working with the...

RUSSIAN DECATHLON STORES TO START CLOSING FROM APRIL 25

The Decathlon chain, which sells sports and hiking clothing and footwear, has made a decision to temporarily stop its business activities in Russia. The retailer announced its intentions on March 29, 2022. The reason is international sanctions, which the company is obliged to strictly comply with. In addition, the company considered that the conditions that had previously developed for the implementation of deliveries did not allow stores to continue working. At the same time, the ...

Canned fish factories on the verge of bankruptcy

... meat processors (13.5%) have already got, leads to the fact that canned food producers are forced to apply for loans, annually paying for them more than 23%. This leads the industry to collapse and termination of production. Against the backdrop of sanctions, fuel, canning tins and tomato paste have risen in price, Lutarevich notes. The price of vegetable oil has tripled since the beginning of February 2022. Moreover, canning factories are forced to buy these and other ingredients only by advance ...

Russian Railways defaulted on Eurobonds

Russian Railways failed to pay off Eurobonds due to the sanctions applied against the company. This was the first event of this kind since the introduction of restrictive measures due to the situation in Ukraine. The incident was reported by Bloomberg , indicating that Russian Railways was declared in ...

The Union of Russian Brewers: the country may be left without hops

Russian foamy drink producers are sounding the alarm due to the European and US sanctions imposed on trade operations. Given the volume of hops for the production of alcoholic products, domestic beer producers annually bought in the USA (about 7.5 thousand tons), Germany and the Czech Republic, experts predict the collapse of many ...

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