Search Results for: Russia

The European Union (EU) has launched potentially crippling sanctions against Russia’s iron and steel industry, banning imports to the EU. It bought 753,958 tonnes of Russian pig iron and 1.4 million tonnes of Russian steel slab in 2020. The move is part of a fourth wave of sanctions imposed on Russia by the EU Council of Ministers over Russia’s invasion of Ukraine, which by March 15 had killed at least 636 civilians, said the UN.…

The Russian government, business and wealthy oligarchs have been hit by more European Union (EU) and UK sanctions as their military continues to invade Ukraine – the UN confirming 474 civilian deaths by today (March 10) and Ukraine’s government saying more than 10,000 Russian troops have been killed.…

Crime statistics being released by law enforcement agencies worldwide tell an unhappy story – that online fraud is growing fast.  Action Fraud, the UK’s national reporting centre for fraud and cybercrime, estimates that 80% of reported fraud in the UK in the 2021/2022 reporting year was cyber-enabled (1).…

As the world moves on from the Covid-19 pandemic, the shift to living and working more online is proving permanent, bringing a sustained greater risk of cybercrime, not least ransomware attacks. The risk has been recognised by the US Securities & Exchange Commission (SEC) on March 9 proposing mandatory cybersecurity disclosure for public companies, with standardised cybersecurity risk management, strategy, governance, and incident reporting. …

The Russian invasion of Ukraine is having an impact in other countries bordering Russia. Take Latvia – Alexei Nechayev, a Russian MP who has been hit by EU sanctions, owns cosmetics company Faberlic which has its subsidiary in Latvia, Faberlic Baltija.…

The Ukrainian cosmetics industry has been hit hard by Russia’s invasion, forcing many producers to halt production and close their businesses. The country’s personal care products market had been projected to generate USD2. 9 billion in sales during 2022 by data service Statista (1) and has been steadily growing year on year.…

NEW Zealand’s butter industry is thriving, despite the disruption of Covid-19 and now Russia’s invasion of Ukraine, with strong export demand particularly from China but also from other markets worldwide, especially in the ASEAN (Association of Southeast Asian Nations) bloc. Major exporter Fonterra is also looking ahead to a world that increasingly cracks down on carbon emissions, introducing the first carbon-zero certified organic butter made in NZ, reflecting how consumers are seeking more sustainability in their food purchases.…

The Russian clothing retail and manufacturing industry is suffering because of sanctions imposed because of its government’s invasion of Ukraine, but the sector’s close links to Asia and Turkey are likely to reduce the impact.

With the war continuing, Russian bombers today (March 17) bombed a theatre in Ukraine’s port city of Mariupol, Svetlana Melnichenko, president of the Saint Petersburg-based Chamber of Textile and Fashion, noted that Russians were not in the mood to buy new clothes: “It’s spring.…

CRIMINALS are using the war in Ukraine for criminal gain, exploiting financial vulnerability and an overstretched national police to profit from human misery. While the smoke has yet to clear, Ukrainian officials are already beginning to report increases in smuggling, scams, and fraud. …

The Global Reporting Initiative (GRI) has taken a stand against the Russian invasion of Ukraine, stressing that alongside the human cost (596 civilians have been killed, said the UN by March 14), the military action threatens sustainable development. “A shared belief in our common humanity” is needed to tackle the Covid-19 pandemic, climate change and commit to UN sustainable development goals, said GRI CEO Eelco van der Enden: “Without a return to peace, the sustainability implications for Ukraine, the wider region and around the world, could be far-reaching.”…