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German industrial giant sells Russian business – official

Henkel has announced that it has completed the sale of its assets to a consortium of local investors German consumer goods giant Henkel AG has finalized the sale of its business in Russia to a consortium of local financial investors for 54 billion rubles ($690 million), the group announced on Thursday.

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Ukraine labels EU bank ‘sponsor of war’

The Ukrainian National Corruption Prevention Agency (NCPA) has designated Hungary’s OTP Bank an “international sponsor of war” due to the preferential lending terms the bank was allegedly providing to the Russian military, the agency claimed on Thursday.

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EU state vows to prevent sanctions on Russian nuclear energy industry

Budapest says it will not concede to even “minimal” restrictions, despite “heavy pressure” Hungary will not allow the EU to impose sanctions on the Russian nuclear energy industry, Foreign Minister Peter Szijjarto told journalists on Thursday following an EU ministerial meeting in Brussels.

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