One of the world’s largest tobacco manufacturers, Philip Morris International (PMI), said on Wednesday it was reducing production volumes and suspending planned investments in Russia amid ongoing supply chain disruptions and a changing regulatory framework.

Major chip producers that join sanctions likely to face crucial parts shortage themselves The ban on technology exports to Russia, in response to the war in Ukraine, could backfire on global manufacturers of computer processors and semiconductors, as many crucial components for their production are made exclusively in Russia, an industry expert has warned.

Seeking to isolate Russia over the Ukraine crisis, the US is turning to a Venezuela government it earlier called ‘illegitimate’ Before announcing a ban on Russian energy imports, the US tried to plug this hole by meeting with representatives from a government they don’t even officially recognize, Venezuela.