/cloudfront-us-east-2.images.arcpublishing.com/reuters/NSLPJG3U5ZJD3PEWCUTD4UF5JM.jpg "Japan’s Uniqlo to exit Russia, paving the way for sale of business – newspaper")
May 24 (Reuters) – Japanese brand Uniqlo has decided to leave Russia after suspending its operation there last year, opening the path for a sale of the business, the daily Izvestia cited Russia’s deputy trade minister as saying. Uniqlo owner Fast Retailing (9983.T) suspended the clothing brand’s operations in Russia in March of 2022, joining … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/4UMVMOCDFVJJJPY2WL47LEEG3M.jpg "VW completes sale of Kaluga plant in Russia")
BERLIN, May 19 (Reuters) – Volkswagen (VOWG_p.DE) has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the German carmaker said on Friday, ending months of wrangling with Russian authorities over the deal. Volkswagen has sold its shares in Volkswagen Group Rus LLC to Art-Finance LLC, which is supported by … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OCGWYGAXFFKYTESQK4C6EXP6K4.jpg "Buoyed by sale of small state assets, Ukraine eyes bigger sell-off")
Ukraine sells some state assets as war rages Ukrainian economy devastated by Russia’s invasion Government eyes large-scale privatisation KYIV, May 11 (Reuters) – Ukraine raised record proceeds from selling small state assets in the first quarter of this year despite Russia’s invasion and aims to privatise thousands more in an economic overhaul, the head of … [Read more…]