Ferrari Loreal Shell suspends trade Russia Ukraine conflict
Ferrari Loreal Shell suspends trade Russia Ukraine conflict
Ferrari Loreal Shell suspends trade Russia Ukraine conflict. On March 8, Reuters reported that the world’s largest cosmetic company L’Oreal said that it would close its counters, department stores, and e-commerce sites in Russia on a temporary basis. It added that it would also suspend all industrial and national media investments in Russia. The reason for this they have given is Moscow’s invasion of Ukraine. read more
Ferrari stops production for Russia
On Tuesday Ferrari said that it would suspend exports to Russia. They will not produce vehicles for the Russian market until any further notice. They also said that Russia is not a huge market for it hence it will not impact its supply chain at the moment. Ferrari gave the same reason to suspend its trade with Russia which the Moscow’s invasion of Ukraine. It was also donating one million euros ($ 1.09 million) to support Ukrainians in need.
Shell stops buying Russian oil and natural gas
Shell the international oil company said that it will abandon Russian crude oil and natural gas. It will take back its involvement in Russian hydrocarbons such as liquefied natural gas, crude oil, and petroleum products. It will shut its service station, aviation fuels, etc. in Russia. read more
