Search Results for: Russia

Ukraine’s automotive assembly, parts and sales sectors are continuing to operate, despite the ongoing Russian invasion, which as of June 19 killed 9,083 civilians (UN figures) and crippled Ukrainian manufacturing.  

The country was once an automotive powerhouse within the Soviet Union, producing large volumes of ZAZ and LAZ vehicles.…

The European Union (EU) today (June 21) struck political agreement on its 11th set of sanctions against Russia, that will – crucially – include new powers to block flows of goods to third countries, suspected of being rerouted to Russia.

Sweden, which currently holds the EU’s rotating presidency, Tweeted: “Today, the EU Ambassadors agreed on the 11th package of sanctions against Russia.…

The Portuguese canned food sector, internationally known for its canned fish lines, is thriving – thanks to tourism and innovation, despite the many supply chains issues that it still faces.

Statistics Portugal (Instituto Nacional de Estatística – INE) data suggests the sector is growing fast, with Portugal having exported EUR 305.3 million’s worth of canned fish products in 2022 (provisional data), 20.3% more than in 2020.…

Fashion brands have been warned to step up online security as the industry becomes increasingly digitalised and Russian hackers pose an increased risk as the country’s military struggles to maintain its invasion of Ukraine. 

While digitalisation brings enhanced sustainability, reduced waste, stricter inventory management, personalised designs, smart wearable tech garments, AI-enabled virtual fittings and integrated supply chains, increasing online data offers bad actors additional attack vectors, said Maryland, US-based cyber exposure management company Tenable. …

International AML/CFT rules and guidance have been designed to help governments crack down on criminals and terrorists, but there are few guiderails to prevent states from abusing these tools to target political opponents. Given the membership of FATF and FATF-style regional bodies, and the Egmont Group of FIUs is practically universal, that means AML/CFT systems are available to authoritarian states.…

The China-Central Asian Summit that took place in China’s Xi’an in May could help cement links between China’s major garment and textile industry and central Asian textile suppliers, forging backward linkages and new markets, a manufacturer and two industry observers have told Just Style.…

The June plenary of the Financial Action Task Force (FATF), which wound up today (Friday June 23), has warned that almost 75% of jurisdictions worldwide are failing to implement its AML standards on virtual assets and virtual asset service providers (VASPs).…

The European personal care product industry is facing a barrage of new European Union (EU) regulations, with a review of the 2009 Cosmetics Products Regulation (CPR) (1) being combined with environmental reforms. These changes, debated at the 2023 annual conference of personal care product industry association Cosmetics Europe – called ‘Preparing for the Future’- will be a major challenge.…

European Union (EU) anti-fraud agency OLAF has told Belgium-based news wires it is probing fraud and graft in the EU’s EUR724 billion Recovery and Resilience Facility (RRF) (1), designed to help member states’ economies recover from Covid-19.

So far, EUR150 billion has been paid out, reported Brussels news service Knack, with Italy and Spain receiving more than 25% of payments.…

The G7 group of industrialised nations has promised to ramp up sanctions against Russia over its invasion of Ukraine, including additional efforts to prevent circumvention.

Following a summit in Hiroshima, Japan, the group warned G7 members increase engagement with “third countries through which restricted G7 goods, services, or technology may be provided to Russia…”

It called on “third parties to immediately cease providing material support to Russia’s aggression or face severe costs”.…