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The New Coffee Room

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  3. Sanctions against Russia

Sanctions against Russia

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #139

    Ruh Roh...

    Dell, Apple, Netflix face lawsuits for pulling services out of Russia

    A Moscow Arbitration Court has reportedly seized almost $11 million belonging to Dell LLC after the company failed to provide paid-for services to a local system integrator.

    IT systems integrator Talmer sued Dell early last month when the American computer giant declined to provide technical support services for VMware as previously agreed. Dell is the representative of VMware in Russia and was reselling these services until March 1, 2022.

    The Moscow-based firm had reportedly paid Dell for these services beforehand, but since they never got them, this was a breach of the service terms.

    The sanctions imposed against Russia by the Western world and the public sentiment forced companies like Dell and VMware to curtail their operations.

    “At the same time, despite the termination of the provision of services by WMware in the Russian Federation, the defendant did not take any action on an alternative method of fulfilling obligations and did not return the advance payments to Talmer LLC,” specifies the court ruling according to Russian outlets that have reproduced it.

    Due to this ruling, the Russian courts seized 778,526,223 rubles from local bank accounts, which is currently valued at about $10,900,000.

    The ruling can be appealed to the Ninth Arbitration Court of Appeal within a month, but Dell didn’t comment if it’s planning to exercise that right.

    When asking for comment regarding the seizure, a Dell spokesperson told BleepingComputer that they do not comment on pending litigation.

    Late last month, Apple faced a similar legal issue after a Russian law firm filed a class action for breach of contract, seeking damages of 90 million rubles, approximately $1,290,000.

    The lawsuit claims that Apple unilaterally pulled its payment service from the country, Apple Pay, depriving Russian iOS users of a feature that was marketed to them and which they expected to enjoy indefinitely when they bought their iPhones.

    Apple’s move has essentially degraded the value of the iPhone in Russia, which further raises the total damages that can be sought, with the law firm demanding a fine of 50% of the compensation amount for moral damages too.

    The same law office has filed a class-action lawsuit against Netflix in April for similar reasons of breach of user terms, demanding a compensation of 60 million rubles ($860,000).

    I wonder how the Russian courts will rule in this.

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    RenaudaR 1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #140

      I wonder how they'll get their money...

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      1 Reply Last reply
      • George KG George K

        Ruh Roh...

        Dell, Apple, Netflix face lawsuits for pulling services out of Russia

        A Moscow Arbitration Court has reportedly seized almost $11 million belonging to Dell LLC after the company failed to provide paid-for services to a local system integrator.

        IT systems integrator Talmer sued Dell early last month when the American computer giant declined to provide technical support services for VMware as previously agreed. Dell is the representative of VMware in Russia and was reselling these services until March 1, 2022.

        The Moscow-based firm had reportedly paid Dell for these services beforehand, but since they never got them, this was a breach of the service terms.

        The sanctions imposed against Russia by the Western world and the public sentiment forced companies like Dell and VMware to curtail their operations.

        “At the same time, despite the termination of the provision of services by WMware in the Russian Federation, the defendant did not take any action on an alternative method of fulfilling obligations and did not return the advance payments to Talmer LLC,” specifies the court ruling according to Russian outlets that have reproduced it.

        Due to this ruling, the Russian courts seized 778,526,223 rubles from local bank accounts, which is currently valued at about $10,900,000.

        The ruling can be appealed to the Ninth Arbitration Court of Appeal within a month, but Dell didn’t comment if it’s planning to exercise that right.

        When asking for comment regarding the seizure, a Dell spokesperson told BleepingComputer that they do not comment on pending litigation.

        Late last month, Apple faced a similar legal issue after a Russian law firm filed a class action for breach of contract, seeking damages of 90 million rubles, approximately $1,290,000.

        The lawsuit claims that Apple unilaterally pulled its payment service from the country, Apple Pay, depriving Russian iOS users of a feature that was marketed to them and which they expected to enjoy indefinitely when they bought their iPhones.

        Apple’s move has essentially degraded the value of the iPhone in Russia, which further raises the total damages that can be sought, with the law firm demanding a fine of 50% of the compensation amount for moral damages too.

        The same law office has filed a class-action lawsuit against Netflix in April for similar reasons of breach of user terms, demanding a compensation of 60 million rubles ($860,000).

        I wonder how the Russian courts will rule in this.

        RenaudaR Offline
        RenaudaR Offline
        Renauda
        wrote on last edited by
        #141

        @George-K

        In favour of the Russian state. Could there be any other outcome?

        Elbows up!

        1 Reply Last reply
        • MikM Away
          MikM Away
          Mik
          wrote on last edited by
          #142

          Chump change. I'm pretty sure these companies knew this, or something very much like it, would happen.

          “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

          George KG 1 Reply Last reply
          • MikM Mik

            Chump change. I'm pretty sure these companies knew this, or something very much like it, would happen.

            George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #143

            @Mik said in Sanctions?:

            Chump change.

            Tim Cook probably has that much lost in the cushions of his sofa.

            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

            1 Reply Last reply
            • George KG Offline
              George KG Offline
              George K
              wrote on last edited by
              #144

              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

              1 Reply Last reply
              • JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by
                #145

                Siemen and withdrawal are not unusual...

                “Cry havoc and let slip the DOGE of war!”

                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                1 Reply Last reply
                • MikM Away
                  MikM Away
                  Mik
                  wrote on last edited by
                  #146

                  It's pregnant with possibilities.

                  “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                  1 Reply Last reply
                  • George KG Offline
                    George KG Offline
                    George K
                    wrote on last edited by
                    #147

                    No Big Mac for you!

                    McDonald’s Corp. said it would quit Russia and sell its business there, ending more than three decades in the country over its invasion of Ukraine.

                    The company said it expected to record a charge of between $1.2 billion and $1.4 billion in connection with the move.

                    McDonald’s said it was pursuing the sale of its entire portfolio of restaurants in Russia to a local buyer. The restaurants there have been closed since early March. The company said it was continuing to pay the salaries of its employees in the country, of which there are about 60,000.

                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                    George KG 1 Reply Last reply
                    • George KG George K

                      No Big Mac for you!

                      McDonald’s Corp. said it would quit Russia and sell its business there, ending more than three decades in the country over its invasion of Ukraine.

                      The company said it expected to record a charge of between $1.2 billion and $1.4 billion in connection with the move.

                      McDonald’s said it was pursuing the sale of its entire portfolio of restaurants in Russia to a local buyer. The restaurants there have been closed since early March. The company said it was continuing to pay the salaries of its employees in the country, of which there are about 60,000.

                      George KG Offline
                      George KG Offline
                      George K
                      wrote on last edited by
                      #148

                      @George-K said in Sanctions against Russia:

                      No Big Mac for you!

                      FS5MlghX0AAwVDJ.jpeg

                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                      1 Reply Last reply
                      • MikM Away
                        MikM Away
                        Mik
                        wrote on last edited by
                        #149

                        https://www.msn.com/en-us/news/world/u-s-seizes-iranian-oil-cargo-near-greek-island-sources/ar-AAXKwyN?ocid=msedgntp&cvid=b6f956dcb6e44ea999bc1eaef5ceaefc

                        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                        1 Reply Last reply
                        • jon-nycJ Online
                          jon-nycJ Online
                          jon-nyc
                          wrote on last edited by
                          #150

                          Down 83%

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          1 Reply Last reply
                          • MikM Away
                            MikM Away
                            Mik
                            wrote on last edited by
                            #151

                            What's down 83%?

                            “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                            LuFins DadL 1 Reply Last reply
                            • MikM Mik

                              What's down 83%?

                              LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote on last edited by
                              #152

                              @Mik said in Sanctions against Russia:

                              What's down 83%?

                              New car sales in Russia.

                              The Brad

                              1 Reply Last reply
                              • RenaudaR Offline
                                RenaudaR Offline
                                Renauda
                                wrote on last edited by
                                #153

                                Sanctions seem to have trickled down to some:

                                https://www.themoscowtimes.com/2022/06/05/westerners-who-stayed-in-russia-find-home-transformed-by-war-a77864

                                Elbows up!

                                1 Reply Last reply
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #154

                                  Is this a big deal?

                                  Canada Announces Ban On Export Of Services Vital For Russian Oil, Gas & Chemical Sector

                                  In response to the Russian invasion of Ukraine, Canada on Wednesday, 8 June, announced sanctions against the export of 28 services "vital" for the operation of the oil, gas, and chemical industries, including accounting and advertising. The ban on exports of oil, gas and chemical services targets industries that are estimated to have about 50% of Russia's budget revenues.

                                  The latest round of sanctions has been announced by the Canadian Minister of Foreign Affairs, Melania Joly.

                                  According to the Canadian government's release, the sanctions have been announced by Canada to exert further pressure on Russian President Vladimir Putin to withdraw its forces from Ukraine. In the release, the Canadian government stressed that they continue to believe that "Ukrainians deserve to live in peace" and called on the Russian administration to stop the war in Ukraine.

                                  According to the release, the sanctions will decrease the ability of Russia to wage war against Ukraine. The Canadian government in the release said that they have imposed sanctions against more than 1,070 individuals and entities since Russia began its offensive in Ukraine. Melanie Joly in the release said that the Russian military offensive in Ukraine continues for more than 100 days. Joly added that they will make every effort to prevent Russia's ability to fund its "war machine." Ever since Russian military offensive in Ukraine, Canada has been providing military and humanitarian assistance to Kyiv.

                                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                  RenaudaR 1 Reply Last reply
                                  • George KG George K

                                    Is this a big deal?

                                    Canada Announces Ban On Export Of Services Vital For Russian Oil, Gas & Chemical Sector

                                    In response to the Russian invasion of Ukraine, Canada on Wednesday, 8 June, announced sanctions against the export of 28 services "vital" for the operation of the oil, gas, and chemical industries, including accounting and advertising. The ban on exports of oil, gas and chemical services targets industries that are estimated to have about 50% of Russia's budget revenues.

                                    The latest round of sanctions has been announced by the Canadian Minister of Foreign Affairs, Melania Joly.

                                    According to the Canadian government's release, the sanctions have been announced by Canada to exert further pressure on Russian President Vladimir Putin to withdraw its forces from Ukraine. In the release, the Canadian government stressed that they continue to believe that "Ukrainians deserve to live in peace" and called on the Russian administration to stop the war in Ukraine.

                                    According to the release, the sanctions will decrease the ability of Russia to wage war against Ukraine. The Canadian government in the release said that they have imposed sanctions against more than 1,070 individuals and entities since Russia began its offensive in Ukraine. Melanie Joly in the release said that the Russian military offensive in Ukraine continues for more than 100 days. Joly added that they will make every effort to prevent Russia's ability to fund its "war machine." Ever since Russian military offensive in Ukraine, Canada has been providing military and humanitarian assistance to Kyiv.

                                    RenaudaR Offline
                                    RenaudaR Offline
                                    Renauda
                                    wrote on last edited by Renauda
                                    #155

                                    @George-K

                                    A big deal? Probably not as these exports and services to Russia have been severely restricted ever since the Russians took Crimea.

                                    Elbows up!

                                    1 Reply Last reply
                                    • JollyJ Offline
                                      JollyJ Offline
                                      Jolly
                                      wrote on last edited by
                                      #156

                                      Noticed that Russian oil is still flowing into Europe with little impediment...

                                      “Cry havoc and let slip the DOGE of war!”

                                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                      1 Reply Last reply
                                      • AxtremusA Away
                                        AxtremusA Away
                                        Axtremus
                                        wrote on last edited by
                                        #157

                                        https://www.cnbc.com/2022/06/23/russias-ruble-is-at-strongest-level-in-7-years-despite-sanctions.html

                                        Russian Ruble is at strongest level in 7 years because Russia is making big foreign account surplus and Russian central bank has risen interest rate a lot after Russia started the war with Ukraine (but interest rate has come back down recently).

                                        Why the foreign account surplus? Because of high global energy prices — Russia is exporting smaller volume of oil export due to sanctions, but because global oil prices are much higher, Russia is making more money anyway even when selling less. And because of sanctions and Russia’s own capital control restrictions, Russians cannot import many things. So the money just accumulates inside Russia. The article suggests that, even with the Ruble being “strong” on paper, it’s not doing the Russians much good since they cannot actually spend it on much of anything. :man-shrugging:

                                        1 Reply Last reply
                                        • George KG Offline
                                          George KG Offline
                                          George K
                                          wrote on last edited by
                                          #158

                                          Cisco shuts down in Russia

                                          Networking giant Cisco will wind down its businesses in Russia and Belarus following the invasion of Ukraine earlier this year.

                                          The company first suspended its operations in the two countries back in March 2022 alongside several other major technology and mobile companies, condemning the “unjustified war” and the violence against civilians.

                                          Apple, Ericsson, Microsoft and Nokia are among the most notable firms to take action since the start of the invasion. Now Cisco has decided to make its stance permanent and has started the process of withdrawal.

                                          “Since our announcement on March 3, we have continued to closely monitor the war in Ukraine,” the company said in a statement on its website.

                                          “We have now made the decision to begin an orderly wind-down of our business in Russia and Belarus.

                                          “We are focused on ensuring impacted employees in Russia and Belarus are treated with respect and have our support through this transition. Cisco remains committed to using all its resources to help our employees, the institutions and people of Ukraine, and our customers and partners during this challenging time.

                                          “We will communicate directly with customers, partners, and vendors to settle our financial matters, including refunding prepaid service and software arrangements, to the extent permissible under applicable laws and regulations.”

                                          Earlier this week it was reported that users in Russia could not download Windows 10 or Windows 11.

                                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

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