Sanctions
Otis Reevaluating Its Future in Russia
Elevator manufacturer Otis Worldwide Corp. announced on April 25 it is reevaluating its future in Russia amid the ongoing war in Ukraine, WGAU is among outlets to report. In an...
Alimak to Shut Down Its Operations in Russia
Industrial and construction-based elevator manufacturer Alimak Group announced April 26 that it will exit Russia. Alimak says it is making the move in light of recent events regarding Russia’s military...
Otis Ceases New Elevator, Escalator Orders in Russia
Otis, in light of the unfolding crisis in Ukraine and ongoing supply-chain disruptions, is ceasing new elevator and escalator orders in Russia, which represented approximately 2% of its 2021 revenue,...
Schmersal Group Stops Supply To Russia
Schmersal Group, an international leader in machine safety with a comprehensive range of safety switchgear products, has instructed its sales partner for Russia to stop the supply of safety switchgear...
