TECHNOLOGIE & TRANSFORMATION VON FOSSILEN UND GRÜNEN ENERGIETRÄGERN TECHNOLOGY & TRANSFORMATION OF FOSSIL AND GREEN ENERGIES

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Companies

BASF discontinues business in Russia and Belarus

Chemical company BASF plans to cease its activities in Russia and Belarus by the beginning of July 2022 in response to Russia's attack on Ukraine. The company had already announced at the beginning of March that it would no longer conclude any new…

Loss of billions for Uniper in the first quarter

The economic turmoil resulting from the Russian war of aggression has led to a billion-euro loss at Uniper in the first quarter. As the company announced in an investor conference, preliminary adjusted earnings before interest and taxes (adjusted…

Coal embargo reduces Russia's export revenues by 5 billion euros

One of the key components of the fifth sanctions package against Russia, which was approved by the European Council on April 8, 2022, is an import embargo on coal from Russia. According to the EU Commission, a quarter of all Russian coal exports are…

OMV withdraws from Russia

Austrian oil, gas and chemicals group OMV has announced that it will no longer pursue investments in Russia in the future. It said the situation in Ukraine as a result of Russia's war of aggression necessitated a reassessment of its business with the…