An Update on our Russian operations

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The following message was shared with Coca-Cola HBC employees regarding our operations in Russia


Dear colleagues,


I write to update you on the future shape of our business in Russia.


As we indicated in our Q1 trading update, we are making significant changes to our Russian operations in response to the ongoing geopolitical crisis.


In close alignment with The Coca-Cola Company, we have stopped all production and sales of brands of The Coca-Cola Company in Russia. There are no plans to reintroduce The Coca-Cola Company brands or products in any format.


Going forward, we intend to have a much smaller operation in Russia which has been renamed Multon Partners. This will focus on the production and sale of existing local brands – Dobry, Rich and Moya Semya – and raw materials will be sourced from within the market. It will be managed and operated locally.


Over the coming months, Multon Partners will consider how best to establish itself, which may include some extensions of existing local brands, however no plans have been finalised.   


We continue to support our colleagues and their communities in Ukraine and neighbouring countries however we can; through individual donations, volunteering and the more than $18.5m donations committed by the Coca-Cola System globally.


We appreciate this is an incredibly challenging time for many of you and we want to thank you for your support during this period.


Zoran Bogdanovic,


CEO, Coca-Cola HBC


Siemens to wind down Russian business

, the company had around 303,000 employees worldwide. Further information is available on the Internet at www.siemens.com.


Notes and forward-looking statements

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report ( www.siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

FIFA/UEFA suspend Russian clubs and national teams from all competitions

All Russian clubs and national teams are suspended from participation in both FIFA and UEFA competitions until further notice.

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Following the initial decisions adopted by the FIFA Council and the UEFA Executive Committee, which envisaged the adoption of additional measures, FIFA and UEFA have today decided together that all Russian teams, whether national representative teams or club teams, shall be suspended from participation in both FIFA and UEFA competitions until further notice.


These decisions were adopted today by the Bureau of the FIFA Council and the Executive Committee of UEFA, respectively the highest decision-making bodies of both institutions on such urgent matters.


Football is fully united here and in full solidarity with all the people affected in Ukraine. Both Presidents hope that the situation in Ukraine will improve significantly and rapidly so that football can again be a vector for unity and peace amongst people.

Ted Hopf’s Co-Edited Book, “Understandings of Russian Foreign Policy,” Becomes a Critical Spectacle in the Field of IR to Study Contemporary Russian Foreign Policy

 A group of international scholars from North America, Asia and Europe teamed together under the support and guidance of the Finnish Institute of International Affairs. They aimed to create a theoretical discussion that can help gain new insights into how contemporary Russia conducted its foreign affairs post the fall of communism.

Since archived resources were not enough, they also drew on interviews pertaining to major issues surrounding Russia’s decisions about using military force in Chechnya. They also wanted to represent its reactions to the NATO expansion as well as its emergent relations with the East Asia and Japan. Ted Hopf helped push forward the bounds of this theoretical innovation by co-editing the book.

As a professor of Political Science at renowned universities, Ted Hopf has worked on countless publications surrounding international relations theory, identity and qualitative research methods with particular references to the Soviet Union and the former Soviet space. He is currently a Research Fellow at the University of Helsinki Collegium.

Previously, Hopf was on the faculties of the National University of Singapore, Ohio State University, Ohio University and the University of Michigan. He received his bachelor’s from Princeton University and a Ph.D. from Columbia University before becoming the successful author and co-editor of several books, articles and published journals.

Speaking about the book, a political science researcher shared, “The volume is revolutionary as it encapsulates the credible contributions of several renowned professors and scholars that have provided insights with approaches ranging from novel spatial-cultural frameworks to Lacanian psychoanalysis of sweeping the historical research. It will be particularly valuable for scholars interested in cutting-edge IR theories in relation to the post-Soviet region.”

Andrea Lopez, Henrikki Heikka, Eunsook Chung, Christer Pursianen, Sergei Medvev and Hiroshi Kimura have also contributed to the book. They have used several conventional approaches but Ted Hopf’s approach, constructivism or theories about the “democratic peace,” has received commendable success when applied to critical empirical cases, including the Russian behavior in “near abroad” or the Chechen War.

About Theodore Hopf

Born in 1959, Ted Hopf is a leading figure in academia. He is well-known for his credible work in constructivism in International relations theory. Hopf is also known for being the Provost Chair Professor in the Political Science Department and various prestigious universities. He is currently working as a Research Fellow at the University of Helsinki Collegium. He has written and edited multiple books, publications, journals and articles after graduating from Princeton and Columbia University.

More Information

Journals and articles: https://tedhopf.com/journal-articles/

Awards: https://tedhopf.com/awards/

Grants: https://tedhopf.com/grants/

Ethen Penn

+65 9857 1644

tedhopf.com/

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