Search Results for: Russia
10 results out of 2058 results found for 'Russia'.
GROWTH IN CANNED BEVERAGES BOOSTS METAL PACKAGING SECTOR IN SPAIN
The Spanish can market and industry, which has developed an international reputation for its dominant fish canning sector, is increasingly innovative, driven by contemporary trends in its beverage sector, with sales of canned water and wine joining a promising market which has traditionally been based on beer.…
TECHNICAL ROUND UP – ISSB DEVELOPS FLEXIBILITY FOR SMALLER COMPANIES OVER SUSTAINABILUTY STANDARDS
The International Sustainability Standards Board (ISSB) has started detailed work on helping smaller companies apply its draft standards on general disclosures and climate reporting. A board meeting in Frankfurt, Germany, “discussed how it could give more consideration to the range of capabilities and preparedness of entities around the world to apply the proposals…”, said its minutes.…
EU REGULATORY ROUND UP – EU BANS EXPORTS TO RUSSIA OF PAINT, COATINGS PRODUCTS THAT MAY HELP ITS MILITARYEU REGULATORY ROUND UP – EU BANS EXPORTS TO RUSSIA OF PAINT, COATINGS PRODUCTS THAT MAY HELP ITS MILITARY
The European Union (EU) has continued to intensify sanctions against Russia over its invasion of Ukraine, imposing further bans on exports of paint and coating industry products. With (as of September 12) 5,827 civilians having been killed in the resulting war, the EU has banned the export to Russia from all member states of fingerprinting powders, dyes, and inks; graphene nanomaterials (which are increasingly used in high tech coatings); and electroplating equipment designed for coating parts with nickel or aluminum.…
US COATINGS MARKET EDGES UP IN SCALE AS IT DEVELOPS MORE ECO-PRODUCTS
Continuing to fight supply-chain snarls, material shortages, inflation woes, and a stubborn pandemic, the US paint and coatings industry produced 1.3 billion American gallons (4.9 billion litres) valued at USD27.2 billion (US dollars) in 2021.
That is according to The ChemQuest Group, a global specialty chemicals and materials consulting service based in Cincinnati, Ohio, USA, which said this production was an increase of just 0.1% in volume and 8.6% in value over the previous year.…
FINCEN PUSHES FORWARD WITH IMPLMENTING MAJOR USA AML REFORMS
FinCEN (Financial Crimes Enforcement Network), the USA’s FIU, has been implementing detailed reforms to the country’s AML/CFT regulatory system that had been authorised by the country’s Anti-Money Laundering Act (AMLA). Passed by Congress in January 2021, overriding a veto of former President Donald Trump, a key plank of the reforms has been strengthening the USA’s previously anaemic efforts on UBO controls, which had been found wanting by past FATF MERs.…
EU REGULATORY ROUND UP – HUNGARY THREATENED WITH LOSS OF EUR7.5 BILLION EU FUNDS OVER GRAFT CLAIMS
The European Commission has bitten the bullet and for the first time has imposed a major financial penalty on a European Union (EU) member state that it considers so corrupt, its handling of EU funds cannot be trusted. That country is Hungary, run by the populist right-wing government of Prime Minister Viktor Orbán, where the EU executive on September 19 proposed suspending EUR7.5 billion in EU funding.…
UKRAINIAN GARMENT AND TEXTILE SECTOR FIGHTS ON DESPITE RUSSIAN INVASION
Ukraine’s textile and clothing manufacturing sector has been devastated by Russia’s invasion of its country from February 24, with an industry already suffering from economic weaknesses being hit hard by war.
The country’s light industry production, including textile, clothing, leather, and other materials, contracted by some 12.4% in 2019, according to Ukrlegprom, the Ukrainian Association of Enterprises of the Textile and Leather Industry) (1).…
TEXTILE PRODUCTION IN RUSSIA DECLINES, LARGER COMPANIES HAVE BEST CHANCE OF SURVIVAL
The Russian textile sector has been struggling to cope with the international sanctions from the US, European Union (EU), UK, Japan and others and the disruption caused by the exit of international companies from Russia, following its invasion of Ukraine.
Russia’s GDP declined 4% in the second quarter and will shrink by 7.8% throughout 2022, predicts the ministry of economic development.…
ENERGY CRISIS, LOAD-SHEDDING AND FUEL PRICE WORRY TEXTILE PRODUCERS IN BANGLADESH
Factory owners in Bangladesh fear the introduction of a once-a-week holiday in industrial zones to cope with the country’s energy crisis may intensify pressure on textile production while still resulting in production loss.
Previously, Friday was a holiday for all factories except those involving spinning and dyeing as they require a 24-hour operation, but this day off will now be rotated.…
UAE’S PURE HARVEST CONSIDERS SECOND SUKUK AS IT LOOKS TO EXPAND TO ASIA
United Arab Emirates (UAE)-based Pure Harvest Smart Farms plans to raise funding through a new sukuk (Islamic bond) to support its food-security driven expansion plans, Tariq Sanad, the company’s chief financial officer, told Salaam Gateway.
The agritech firm’s breakthrough farming system that can produce year-round crops in the desert has attracted a diverse mix of investors since its inception in 2016.…