Russia

Danone Writes Down Russia Assets, Reports Better-Than-Expected Sales

France's Danone said that it is deconsolidating its Essential Dairy and Plant-based (EDP) business in Russia in July, triggering a roughly €200 millio...

Russia To Cut Back On French Wine, Norwegian Fish With Duty Hike On 'Unfriendly' Imports

The days of French and Italian wines may be numbered in Russia as Moscow raises duties on imports from so-called 'unfriendly' countries, promising that dom...

Russian Wheat Export Prices Jump After Black Sea Grain Deal Suspended

Russian wheat export prices jumped last week along with global prices after Russia's withdrawal from the Black Sea grain deal and amid restrictions on navi...

Ukraine's Farmers Fear The Worst After Grain Deal Collapses

Farmers whose work on Ukraine's fertile land has long been vital to its economy fear losing their livelihoods after Russia this week quit a warti...

'Limited Credit Implications' From Russia's Takeover Of Carlsberg, Danone Assets

The Russian government's decree that it has taken control of assets belonging to Danone and Carlsberg in Russia is likely to have limited credit implicatio...

Danone Reviews Legal Options After Russia Seizes Local Business

French dairy group Danone is reviewing its legal options after the Russian state took control of its subsidiary in the country, a source close to the matte...

Russia Refuses To Renew Black Sea Grain Deal And Says No Guarantees For Ships Now

Russia has refused to extend the Black Sea grain deal, complaining that promises to free up its own shipments of food and fertilisers had not been kept.

Moscow Takes Control Of Danone's Russian Subsidiary, Carlsberg's Stake In Brewer

The Russian state has taken control of French yoghurt maker Danone's Russian subsidiary along with beer company Carlsberg's stake in a local brewer, accord...