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Monday, September 25, 2023

Prez Zelenskyy enlist plans, decisions on enhancing defense sector of Ukraine

The President of Ukraine, Volodymyr Zelenskyy, on Sunday has shared the details about the plans and defense related decisions that Ukrainian government has taken with the help of other nations.

578 days of Russia-Ukraine war: Russia lost over 275,850 troops in battle against Ukraine

The ongoing war between the neighbouring nation of Russia and Ukraine has already crossed the mark of 577 days. The war, which was started on the early morning of February 24, 2022 has entered into 478th day.

Former head of capital branch of ‘Privatbank’ suspected of committing crimes: SBU

The former head of the capital branch of ‘Privatbank’ was suspected of committing crimes. The details about the above mentioned has been shared by the Security Service of Ukraine and the Bureau of Economic Security.

Mercedes-Benz to sell its Russian assets to local investor: Reports

WorldRussiaMercedes-Benz to sell its Russian assets to local investor: Reports
The German carmaker Mercedes-Benz is likely to sell its Russian assets to a local investor. The Russian Industry and Trade Ministry have made the following announcement on Wednesday. It became the recent automaker to exit since Moscow deployed its army in Ukraine.
Avtodom, the ministry added in a statement that, “Mercedes-Benz is intending to sell its stakes in Russian subsidiaries to a local investor.”
The ministry mentioned that, “The latest owner of the Moscow divisions of Mercedes-Benz, Avtodom, is likely to be able to attract other firms as partners for joint productions.”
Mercedes-Benz has made a confirmation that it is intending to sell in another statement.
Meanwhile, general director of Mercedez-Benz-RUS Natalya Koroleva said that, “The fulfilment of obligations to consumers in Russia, along with the preservation of jobs for employees of the Moscow division of the firm were the priority in finalizing the deal with Avtodom.”
In a statement issued, Mercedez-Benz added that, “The fulfillment of the transaction is subject to the consent of all relevant authorities.”
Several Western firms left Russia for ethical or logistical reasons since Russia called for what it calls a “special military operation” in Ukraine on Feb. 24.
No financial information of the transaction were provided by either side on Wednesday.
Western sanctions imposed on Moscow since the beginning of the Ukraine offensive have heavily disrupted supply chains.
The technology and car manufacturing sectors were particularly affected.

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