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British-American cosmetics giant staying in Russia Kommersant

British-American cosmetics giant staying in Russia Kommersant
bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesDmitry peskovNew york timesRussia foreign investment commissionArnest groupNatura sibericaForeign investment commission

UK-US cosmetics giant abandoned its plans to sell its Russian business due to imposition of substantial exit tax

UK-US cosmetics giant abandoned its plans to sell its Russian business due to imposition of substantial exit tax
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Dmitry peskovArnest groupRussia foreign investment commissionUnited states basedNatura sibericaForeign investment commission

This Business Owner Is Making Billions From International Companies Exodus In Russia

In an unexpected turn of events, Russian business owner Alexey Sagal has acquired assets worth nearly $1 billion as a result of international companies’ mass…

Vladimir putinAlexey sagalSagal arnest groupArnest groupPresident vladimir putinReaking news

Cosmetics Brand Avon Halts Russia Exit – Reports

The international direct-sales cosmetics brand Avon has suspended plans to sell its business in Russia over the Kremlin’s steep exit tax, the Kommersant daily reported Wednesday, citing two anonymous industry sources.

New yorkUnited statesDmitry peskovAvon beauty products companyArnest groupNew york timesNatura coNatura siberica

New York Times: Putin s Associates Benefitting from Western Firm Withdrawals

According to a new investigation, Western firm withdrawals have been contributing “directly” to the Russian economy and Putin’s associates as he laid out terms however he deemed fit.

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