Swedish-Swiss electrotechnical concern ABB leaves Russia
1217 Thursday, 21 July, 2022, 15:36 The Swedish-Swiss concern ABB, which specializes in the field of power engineering and electrical engineering, is leaving the Russian market. This was announced on Thursday, July 21st. According to the information published on the company’s website, such a decision was made due to the ongoing Russian special operation in Ukraine and international sanctions. “The financial impact (of leaving Russia) in the second quarter was $57 million, of which $23 million will affect cash flow in the third quarter,” ABB added. The concern has two production sites in Russia – in the Moscow region and Lipetsk, and several service centers. The enterprises employ about 750 people, most of them have been on vacation since March. ABB has promised to do everything possible to support employees. After the start of the special operation in Ukraine and the introduction of large-scale anti-Russian sanctions, many foreign companies announced their withdrawal from Russia and selling their business in the country. At the same time, the Russian authorities believe that Western companies do not really want to leave the Russian market and prefer to temporarily go into the shadows, not advertising the continuation of business in Russia. |
Trump advisers discuss penalties for nations that move away from the dollar. #Bloomberg
39909:36Turkey imposes export restrictions on Israel until Gaza ceasefire
305609.04.2024, 19:18Forbes has released its list of the world's billionaires. There are more than ever before – and they're wealthier.
366202.04.2024, 21:12Media: Türkiye may reduce purchases of F-16s from United States
334930.03.2024, 18:48#FoxNews: Ukraine aid surpasses $113 billion
384429.03.2024, 11:30Baltimore bridge's $81 billion trade crisis (photo)
412027.03.2024, 14:36EU approves 13th sanctions package against Russia
652421.02.2024, 14:54Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
352419.02.2024, 12:48