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News Wire / economy

Russian State Supports Businesses Amid Sanctions

Mastodon Moscow 20d14d Impact 5
Hygiene goods company Reckitt is developing a dedicated Russian unit to register intellectual property and manufacture products locally. This move is a direct response to increasingly harsh EU sanctions affecting international operations. The strategy aims to maintain a market presence despite the geopolitical climate. The unit features a thermal power of 315 MW. When paired with a second unit, it will enable icebreakers to navigate through ice exceeding 4 meters in thickness. The new units have been named Ilya Muromets and Dobrynya Nikitich. The Russian head of state has identified business as a guarantee for fulfilling national tasks, including defense. The state is maintaining a patriotic position to support participants in the special operation. The report noted that Western sanctions are affecting Russian business owners and their families up to the third generation.

Topics

sanctions corporate strategy Russia

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Sources · 7 independent

Mastodon

“Reckitt's Russian unit is developing products and registering intellectual property to replace the majority of its hygiene portfolio in that country in response to harsher EU sanctions”

Radio Mayak

“The new installation has a significantly increased thermal power of 315 MW... Together with the second installation, they will provide the icebreaker the ability to overcome ice thickness of over 4 meters.”

Vesti FM

“Глава государства назвал бизнес залогом выполнения задач, в том числе в сфере обороны. ... подзападные санкции попадают близкие российских бизнесменов, иногда даже до третьего колена.”

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