South Korean auto giant Hyundai has announced plans to sell its plant in Russia as the carmaker completes its exit from the country. The facility will reportedly be sold for a nominal fee of just 7,000 rubles ($77.20).
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Roman Abramovich denies allegations that he is benefiting from the Ukraine conflict Russian billionaire Roman Abramovich has protested his innocence and denied reaping benefits from the Ukraine conflict after an EU court refused to remove sanctions on the businessman.
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Officials in Karlsruhe are reportedly targeting the frozen funds of a Moscow Stock Exchange subsidiary German officials have announced plans to seize almost $800 million in assets from a Russian bank’s account in Frankfurt due to alleged violations of EU sanctions.
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