In the wake of a mercenary revolt, Russian President Vladimir Putin expressed gratitude for the nation’s resilience and unity. In a late-night televised address, he praised the citizens’ firm stance supporting the constitutional order and the ‘greatest consolidation’ of societal power seen across all levels of governance. Vladimir Putin’s address emphasized the ‘doomed-to-fail’ attempts to […]
Investigations against Yevgeny Prigozhin, head of the Wagner group, are still ongoing, with charges related to organising armed rebellion remaining in place, according to Russian news agencies. This development persists despite an agreement between the mercenary group and the Kremlin to halt the mutiny. Reports state that a source from the prosecutor’s office confirmed that […]
With an escalating internal conflict, exiled mercenary leader Yevgeny Prigozhin reportedly halted his march on Moscow following threats to his family from Russian intelligence services, British sources reveal. The Telegraph disclosed that Prigozhin’s decision was driven by a greater concern for the safety of his family than his initial claim of avoiding “shedding Russian blood”. […]
The exile of Yevgeny Prigozhin, the leader of the Wagner Group, to Belarus can escalated the ongoing conflict between Ukraine and Russia. British General Lord Richard Dannatt has voiced concerns that the move could put Kyiv at risk of a severe onslaught from Russian forces, especially if Prigozhin has relocated with his mercenaries. The Wagner […]
Finnish tire manufacturer Nokian Tyres has agreed to divest its Russian operations to Tatneft for an expected price of around €400 million. According to Nokian Tyres, the final amount of the consideration is subject to net cash and working capital adjustment and variations in the exchange rate of RUB/EUR. In June 2022, Nokian Tyres revealed […]
German conglomerate Siemens said that it will pull out from the Russian market in response to the country’s ongoing war against Ukraine. Siemens stated that it has begun proceedings to shut down its industrial operations as well as all industrial business activities. The German group plans to report the financial impact of its move as […]
Dr. Reddy’s Laboratories has agreed to divest anti-bacterial medicines under the Ciprolet and Levolet brands in Russia, Uzbekistan, and Belarus to Binnopharm Group, a Sistema Group company. The financial terms of the deal were not disclosed. The portfolio included in the deal has various dosage types such as tablets, solution for infusions, as well as […]
Tech Mahindra has acquired Com Tec Co IT Ltd (CTC), a European IT solutions and service provider, for €310 million. The consideration includes earnouts and synergy linked payouts. Com Tec Co IT caters to the insurance and financial services industries. The company has development centres in Latvia as well as Belarus. Avraham Shaked — Co-Founder […]