RB continues to follow the main events in the context of a special operation in Ukraine: banks have difficulties transferring biometric data to the EBS, the average living space in Russia is decreasing, the Kamis may leave Russia, there are many more tourists in Sochi.

The list may be updated throughout the day.

Companies with millionaire losses after leaving Russia, demand for vacations in Sochi: main business news of July 27

World

  • US authorities suspect crypto exchange Kraken of violating sanctions, the NYT writes. The Treasury is conducting a federal investigation into the company.

Russia

  • Russia and Iran have agreed on the export to the Russian Federation of Russian aircraft parts and their technical support from Iran. The parties signed an agreement.
  • Banks face difficulties in transferring customer biometrics to the Unified Biometric System (UBS). Only about 10% of the data meets quality standards; this is only 4-5 million unique launches.
  • In Russia, the average housing area is decreasing. Small-sized apartments are becoming more and more popular due to the reduction in the income of the population and the increase in the price of building materials.

Business

  • Otis, the largest manufacturer of elevators and lifting equipment, announced the sale of its business in Russia. Stoloto’s owner will buy the business from the company.
  • Microsoft lost $126 million due to the decision to leave Russia, according to the company’s financial report.
  • Seasoning producer Kamis may leave Russia. The Russian structure is no longer available 25% of the range. Russian manufacturers plan to replace Kamis.
  • Tourist demand for vacations in Sochi exceeded last year’s figure by almost a third. At the same time, the high activity of travelers caused the average cost of a vacation in Sochi to increase by almost one and a half times.
  • French tire maker Michelin reported a €202 million loss due to Russia’s withdrawal.

Author:

RB team

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.

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