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Russia's energy giant Gazprom plans major layoffs as Europe market shrinks, media reports

The Russian energy giant Gazprom is preparing to lay off 1,600 employees from its central office as it faces significant financial losses and dwindling market presence in Europe, Russia's local 47News media outlet reported on Jan. 13. The news comes after Ukraine halted the transit of Russian gas to other European countries, ending an arrangement […]

Ukraine

January 13, 2025

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Russian drone attack on central Nikopol market injures 6, officials report

Russian forces struck the central market in Nikopol, Dnipropetrovsk Oblast, with a drone on Dec. 26, injuring six people, Ukraine's State Emergency Service reported. Those injured, four women and two men, received first aid from rescuers and medics before being transported to the hospital. Governor Serhii Lysak confirmed the injuries and said three women, aged […]

Ukraine

December 26, 2024

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Russian luxury market thrives despite sanctions through shadow networks, FT reports

Russian shoppers continue to access luxury Western brands despite sanctions imposed after the full-scale invasion of Ukraine, The Financial Times reported on Dec. 26. An industry of personal buyers, resellers, and cross-border smugglers has emerged, allowing affluent Russians to circumvent restrictions. The European Union has limited legal sales of luxury goods to Russia to items […]

Ukraine

December 26, 2024

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Auchan in final negotiations with local buyer to exit Russian market, media reports

Auchan, one of the few French chains still operating in Russia, is in final negotiations to sell its Russian subsidiary to a local buyer, French media La Lettre reported on Oct. 24. In March 2022, Auchan CEO Yves Claude told the outlet Journal du Dimanche that the company would not leave Russia despite accusations of […]

Ukraine

October 24, 2024

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