Elevator maker Kone divests Russia business
![]() 1298 Tuesday, 28 June, 2022, 13:42 Finnish elevator maker Kone said on Tuesday it will sell its business in Russia to local management for an undisclosed amount. The firm had already reduced its activities after Russia's invasion of Ukraine, it said in a statement, adding that Russia accounts for less than 1% of its global sales. The deal is expected to close in the fourth quarter after which the business will operate independently under a different brand. As part of the proposals, KONE has agreed to deliver spare parts to Russia for a transition period of up to three months after the closing. |
Canada transfers US$1.7bn in revenues from frozen Russian assets to Ukraine
45230.06.2025, 21:40Trump expected to sign executive order easing Syria sanctions
49330.06.2025, 19:58"No wonder Putin found common ground with Iran" - Zelensky joins sanctions against Iran
60930.06.2025, 09:34"Why did Armenia take such a position? Perhaps, not everything is smooth with us" - Lukashenko
123526.06.2025, 20:34#Hürriyet։ "Oil prices will rise if Iran closes the Strait of Hormuz"
199116.06.2025, 16:04Omani fund replaces Russia's Alrosa in Angolan diamond miner Catoca
248809.06.2025, 20:52World's highest railway bridge opens in India (video)
277307.06.2025, 21:19Trump says debt limit should be eliminated
259704.06.2025, 22:52