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Tuesday, June 28, 2022
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SANCTIONS CONTEXT

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
60.9451
USD
58.3750

LATEST MARKET STUDY

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German OBI announced suspending of its business in Russia

The OBI construction hypermarket chain is halting operations in Russia, where it currently has 27 stores and approximately 4,900 employees. According to the statement, there are no other options for the company but to stop doing business in Russia now.

By Editorial
Sanctions Context

Related Articles

Sanctions Context

Hoff to consider buying or leasing IKEA’s production and retail spaces in Russia

Editorial -
The Hoff furniture chain is ready to consider the possibility of buying and leasing production and retail space from IKEA, which is reducing its...
Sanctions Context

IKEA to sell all four of its factories in Russia

Editorial -
The company has already begun searching for new owners for enterprises in the Leningrad, Kirov and Novgorod regions. The IKEA press service also reports...
Sanctions Context

IKEA in Russia resumes operation of customer support center, return and exchange department, while stores remain closed

Editorial -
As from June 1, IKEA in Russia opens the office for exchange and return of previously purchased goods. The customer support center also starts...

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