Russia

Mondi Reports Group Revenue Up 28% On Prior Year

Mondi, the multinational packaging and paper group, has reported underlying EBITDA of €1,848 million in its 2022 financial year, up 60% (2021: €1...

Ukraine War's Impact On Trade Not As Bad As Expected: WTO

Global trade grew more than expected last year despite the upheaval caused by the Russia-Ukraine war, as badly-affected countries managed to switch supplie...

Top Brands Pull Out Of Russia, But Their Goods Remain Easy to Find

Despite European, North American and Japanese companies exiting Russia over its actions in Ukraine, the impact on Russian consumers is minimal, although de...

Heineken Says It Still Plans To Exit Russia, Take €300m Loss

Brewer Heineken still plans to exit Russia and sell its business there at a loss this year, it said on Wednesday, after a Dutch media report questioned whe...

Maersk Nears Complete Russia Exit After Selling Logistics Sites

Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday,...

Premium Spirits And RTD Sales Boost Beam Suntory's Performance In FY 2022

Beam Suntory reported 10.5% year-on-year growth in sales in its financial year 2022, driven by the performance of its premium brands and RTD category.

Talks On Extending Black Sea Grain Deal Start In A Week, Says Ukraine

Negotiations will start in a week on extending a U.N.-backed initiative that has enabled Ukraine to export grain from ports blockaded by Russia after its i...

Ukraine Seeks Higher Tonnage Ships To Boost Exports Under Grain Deal

Ukraine's agriculture ministry has proposed increasing the minimal tonnage of ships which carry grain and vegetable oil from the country via a grain corrid...