Sanctions against Russia
July 2022
- 01.07.2022Thales Group (IT companies)Withdrawal of investments from russia
The French company Thales Group left Russia, which provided protection for electronic payments and verification of PIN codes on cards of 20 Russian banks. This edition of Forbes was told in the company.
DigitNews
- 01.07.2022AustraliaSanctions against persons and entity
Australia imposed sanctions against 16 Russians in response to the Russian invasion of Ukraine – the list includes relatives of Russian President Putin, officials and businessmen, as well as Alina Kabaeva, who has a close personal relationship with Putin
Економічна правда
- 05.07.2022JapanRestrctions on sells and imports of russian goods
Japan banned the import of gold from Russia
MOF of Japan
- 05.07.2022JapanSanctions against persons and entity
Japan introduced new sanctions against 57 individuals and 6 legal entities. The measures will concern the freezing of assets. At the same time, payments to these persons and transactions with capital are allowed
MOF of Japan
- 05.07.2022Yum Brands (Food Industry)Withdrawal of investments from russia
Yum! announced an update on its ongoing process to exit the Russian market. Last month, Yum! completed the transfer of ownership of all Pizza Hut franchise assets to a local operator who has initiated the process of re-branding locations to a non-Yum! concept. The Company is also in advanced stages of transferring ownership of its KFC restaurants, operating system and master franchise rights, including the network of franchised restaurants, to a local operator
Yum Brands
- 06.07.2022Total Energies (Oil and gas mining)Withdrawal of investments from russia
TotalEnergies has agreed to transfer its remaining stake in Russia's Kharyaga oil field to the country's state producer Zarubezhneft, the French company told Reuters
Reuters
- 11.07.2022Electrolux (Consumer electronics)Withdrawal of investments from russia
Electrolux Professional therefore divests its operations in Russia to its local management. This will incur a cost of SEK 35m that will be treated as items affecting comparability in the second quarter of 2022. Electrolux Professional has 25 employees in Russia, and in 2021 sales in the country were approximately 1% of Group sales
Electrolux
- 11.07.2022Sephora (Cosmetics)Withdrawal of investments from russia
Sephora announces the signature of an agreement for the sale of 100% of the shares of its subsidiary in Russia to its local General Manager, aimed at favouring continuity for employees. Going forward, this activity will be operated under the historical “Ile de Beauté” brand
LVMH
- 12.07.2022Lego (Household goods)Withdrawal of investments from russia
Lego Group іs stopping sales in russia and has terminated its contract with the operator of 81 Lego stores in the country
Bloomberg
- 13.07.2022Trafigura (Oil and gas transportation and sale)Withdrawal of investments from russia
Trafigura – one of the largest independent international trading companies working with oil and oil products sold its stake in Rosneft's largest oil project – Vostok Oil
Trafigura
- 14.07.2022LatviaRestrctions on sells and imports of russian goods
In the final session, the Seimas of Latvia approved amendments to the Law "On Energy", which provide that from January 1, 2023, the supply of natural gas from Russia to Latvia will be prohibited
Latvijas Republikas Saeima
- 14.07.2022CanadaSuspension of cooperation with russia and certification
Canada expanded sanctions against Russia. Metallurgy, mechanical engineering and transport were added to the list. On July 14, 2022, Canada introduced additional amendments to the provisions on special economic measures (Russia), which prohibit the provision of two production services to the Russian oil and gas, chemical and manufacturing industries," the message states. In particular, Canadian citizens and companies are currently prohibited from providing services in the manufacturing of automobiles, trailers and semi-trailers, computer, electronic and optical products, electrical equipment and metal products. In addition, the supply and production of land transport and pipelines were banned. Canadian businesses have 60 days to complete previously entered into contracts
Government of Canada
- 15.07.2022CanadaOther restrictions of the russia
The European Commission published plans to ban Russian gold imports on July 15, but for now it is leaving jewelry off the list of sanctioned goods
Politico
- 17.07.2022Korea, Rep.Suspension of cooperation with russia and certification
South Korea withdrew from ambitious projects with China and Russia. South Korean President Yoon Seok-yeol changed the policy of cooperation with China and Russia. His predecessor Moon Jae-in signed a number of agreements on large-scale joint projects, but now Seoul has abandoned them
News Track Live
- 18.07.2022Edrington (Food Industry)Withdrawal of investments from russia
Alcohol companies "Beam Suntory" and "Edrington" are selling the Russian enterprise to local management. In March, they suspended the supply of alcohol to Russia
Beamsuntory
- 18.07.2022Beam Suntory (Food Industry)Withdrawal of investments from russia
Alcohol companies "Beam Suntory" and "Edrington" are selling the Russian enterprise to local management. In March, they suspended the supply of alcohol to Russia
Beamsuntory
- 18.07.2022H&M (Clothing, shoes and accessories)Withdrawal of investments from russia
H&M is completely leaving Russia – 6,000 employees will be out of a job. The company stated that they consider it impossible to continue doing business in Russia. As part of the winding down process, it is planned to temporarily open physical stores for a limited period of time to sell the remaining stocks in Russia
H&M
- 21.07.2022European Union (Political associations)Restrictions on sale of goods in russia
The package EU sanctions extends the list of controlled items, which may contribute to Russia’s military and technological enhancement or the development of its defence and security sector, thereby reinforcing export controls on dual use and advanced technology
The European Council
- 21.07.2022European Union (Political associations)Sanctions against persons and entity
The EU Council has decided to list additional individuals and entities and strengthen reporting requirements, placing the burden of asset declarations on sanctioned individuals to make it easier to freeze their assets in the EU
The European Council
- 21.07.2022United KingdomRestrctions on sells and imports of russian goods
Great Britain banned the import of oil, petroleum products, coal and gold from the Russian Federation. The government has banned the purchase, supply and delivery of these goods
Government of United Kingdom
- 21.07.2022Wartsila (Shipbuilding)Withdrawal of investments from russia
Wärtsilä announces that it has completed its orderly exit from the Russian market following its announcement of scaling down activities in April 2022. All adjustments and closures of Wärtsilä’s operations were completed in accordance with local regulations. Throughout the various processes, Wärtsilä’s priority has been ensuring the safety and wellbeing of employees. The company continues to strongly condemn Russia’s invasion of Ukraine
Wartsila
- 21.07.2022European Union (Political associations)Sanctions against persons and entity
The Syrian regime provides support, including military support, for Russia’s unprovoked and unjustified war of aggression against Ukraine. In view of the gravity of the situation, the Council considers that six individuals and one entity involved in the recruitment of Syrian mercenaries to fight in Ukraine alongside Russian troops should be added to the list of natural and legal persons, entities and bodies subject to restrictive measures set out in Annex I to Regulation
EUR-Lex
- 21.07.2022ABB (Consumer electronics)Withdrawal of investments from russia
The engineering giant ABB is leaving the Russian market. ABB is leaving the Russian market due to the war in Ukraine and the impact of international sanctions
АВВ
- 21.07.2022United KingdomRestrictions on the provision of services in russia
Sanctions imposed by Great Britain prohibit the provision of technical assistance, financial and brokerage services related to sanctioned goods
Government of United Kingdom
- 21.07.2022European Union (Political associations)Restrctions on sells and imports of russian goods
EU introduces a new prohibition to purchase, import, or transfer, directly or indirectly, gold, if it originates in Russia and it has been exported from Russia into the EU or to any third country after. This prohibition also covers jewellery
The European Council
- 21.07.2022European Union (Political associations)Sea ports use restrictions for russian business
New EU measures adopted in new sanctions package extend ban on port access to gateways to avoid sanctions circumvention
The European Council
- 22.07.2022Port of Rotterdam (Sea freight)Restrictions on goods transportation to and from russia
Europe's largest port in Rotterdam (Netherlands) announced the suspension of container transportation from Russia. "Container shipments to and from Russia have been suspended, and ongoing difficulties in global container logistics have caused the movement of cargo from large container ports to smaller ones," the press release said. The port notes that in anticipation of sanctions on coal and oil from the Russian Federation, less Russian coal, crude oil, petroleum products and liquefied natural gas have been imported in recent months. Companies increasingly import these energy carriers from other countries
Port of Rotterdam
- 22.07.2022Philip Morris (Food Industry)Withdrawal of investments from russia
Philip Morris International CEO Jacek Olczak says the tobacco maker should be out of the Russian market around the end of the year. The market generated 6% of the company's revenue last year
Bloomberg
- 25.07.2022JapanRestrctions on sells and imports of russian goods
Japan has introduced sanctions that will ban the import of Russian gold from August 2022. The joint intention of the USA, Canada, Britain and Japan to ban the import of gold from the Russian Federation was announced during the Group of Seven summit at the end of June
Ministry of Finance Japan
- 26.07.2022United KingdomSanctions against persons and entity
The UK government has today (26 July) sanctioned Vitaly Khotsenko and Vladislav Kuznetsov, the Russian-imposed Prime Minister and First Deputy Chairman of the so-called ‘Donetsk and Luhansk People’s Republics’, for undermining Ukrainian territorial integrity. Twenty nine regional governors from across Russia have also been sanctioned. The governors have been directed by the Kremlin to transfer funds to the so-called ‘Donetsk and Luhansk People’s Republics’, facilitating the Russian occupation in attempting to wrest territory from Ukraine.
Government of United Kingdom
- 26.07.2022EstoniaTravel and visa bans for russians
The Ministry of Foreign Affairs of Estonia works on propositions before the EC how to assign visas to russians
Естонія в Україні
- 26.07.2022Tetra Pak (Chemical industry)Withdrawal of investments from russia
Tetra Pak today announced that it will be exiting its remaining operations in Russia. This is due to the cumulative impact of the restrictions on exports to Russia leading to an unsustainable supply chain, as a result of which the company is left with no other option than to exit the country
Tetra Pak
- 27.07.2022PhilippinesSuspension of cooperation with russia and certification
The Philippines terminated the agreement with the Russian Federation on the purchase of Mi-17 helicopters in the amount of $227 million
Associated Press News
- 27.07.2022McCormick (Food Industry)Restrictions on sale of goods in russia
The American McCormick & Co, as a brand of spices and seasonings Kamis, may leave the Russian market – the Russian structure is no longer available for 25% of the assortment, and some of the goods indicate interruptions in the supply of products
Економічна правда
- 27.07.2022MontenegroSeizure (confiscation) of russian property
Montenegro froze the assets of two Russians in accordance with EU sanctions. The Ministry of Foreign Affairs of the country announced the arrest of the real estate of an unnamed Russian citizen in Zablyak. The property of Russian politician Marat Bashirov was also seized
Balkan Insight
- 27.07.2022Otis (Equipment)Withdrawal of investments from russia
Otis Enters into Agreement to Sell its Russia Business. After carefully considering the global impacts and consequences of the ongoing crisis and humanitarian tragedy across Eastern Europe, including supply chain disruptions and mounting regulations, we determined that Otis’ ownership of our business in Russia is no longer sustainable, and we have entered into an agreement with Ice Development to sell 100% of our interest in the Otis Russia business.
Otis
- 27.07.2022LithuaniaTravel and visa bans for russians
Lithuania has banned the entry into the country of the Patriarch of the Moscow Orthodox Church Kirill. Patriarch Kirill was banned from entering Lithuania due to the justification and support of the full-scale invasion of the Russian Federation into Ukraine
LRT
- 27.07.2022MontenegroSeizure (confiscation) of russian property
The Foreign Ministry said authorities froze the assets of an unnamed Russian national and a Russian politician under European Union sanctions against Russia related to its war against Ukraine
Balkan Insigh
- 28.07.2022EstoniaTravel and visa bans for russians
Estonia stops issuing visas or residence permits for the purpose of education for citizens of the Russian Federation. The government of Estonia has determined that citizens of Russia and Belarus can register for short-term work only if they have a valid visa issued by Estonia. Issuance of new visas is suspended. Citizens of the Russian Federation and Belarus who have received permission to stay in another EU member state will no longer be able to apply for a long-term visa in Estonia for short-term employment
MFA of Estonia
- 28.07.2022Czech RepublicSuspension of cooperation with russia and certification
The Czech Republic will leave the International Investment Bank, whose key shareholder is Russia
Економічна правда
- 29.07.2022DHL (Goods delivery)Restrictions on goods transportation to and from russia
Logistics giant DHL will withdraw from all domestic transportation services within Russia from Sept. 1, the company said, blaming technical issues with IT systems and infrastructure, operational difficulties and legal constraints. After Sept. 1, DHL International will only provide express-delivery services from Russia to other countries, the company said
Reuters
