Russia

Russia's Magnit Launches Retraining Programmes For Unemployed Workers, Refugees

Russian retailer Magnit has announced the launch of a number of retraining programmes for those that have recently lost their jobs – such as tho...

Spanish Consumer Prices Rise 9.8% y/y In March, Fastest Since 1985

Spanish consumer prices rose 9.8% year-on-year in March, their fastest pace since May 1985 and a jump from 7.6% in February, flash data from the National S...

J&J To Suspend Supply Of Personal Care Products To Russia

Johnson & Johnson said on Tuesday it would suspend the supply of its personal care products in Russia, joining a host of other companies that have dist...

India Buys Russian Sunoil At Record High Price As Ukraine Supplies Halt

India has contracted 45,000 tonnes of Russian sunflower oil at a record high price for shipments in April as edible oil prices in the local market surged a...

Carlsberg Joins Heineken In Quitting Russia, Faces Big Hit

Carlsberg will exit the Russian market and take a 'substantial' non-cash impairment charge, the Danish brewer said.

Heineken Sees €400 Million In Charges On Exit From Russian Operations

Dutch brewing giant Heineken has decided to exit its business in Russia, after previously saying it would halt new investments and exports there, anticipat...

Russia’s Sberbank To Sell 44% Stake In Fortenova Group

Slovenian retailer Mercator has welcomed the news that Russian bank Sberbank will sell its 44% stake in Mercator parent Fortenova.

Auchan To Remain In Russia, Fozzy Group Counts Cost Of Conflict

Auchan plans to maintain its presence in Russia, its CEO said in an interview published in the French newspaper Journal du Dimanche, prompting Ukraine to c...