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Port of Duisburg Ceases all Business Activity in Belarus

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Port of Duisburg Ceases all Business Activity in Belarus

Duisburger Hafen AG is ceasing all business activity in Belarus with immediate effect.

This decision was taken in view of the war in Ukraine and the support of this war by Belarus, duisport wrote in its statement.

Duisport will divest both its minority stake (0.59 per cent) in the international development company of the industrial and logistics park Great Stone as well as its stake in Eurasian Rail Gateway CJCS (38.9 per cent) that planned the building and operation of a bimodal terminal.

The port operator’s representative office in Minsk has already been closed.

“Our thoughts are with the people in Ukraine and we hope for a quick end of the war,” said duisport CEO Markus Bangen.

“We unreservedly close this chapter of our engagement in Belarus. We have already been critically questioning our activities there since the elections in 2020 and upon instigation by the Chairman of Supervisory Board have reviewed our course of action.

“However, as an international consortium, we were not able and are not able to take steps unilaterally. In the current situation, however, it is all the more important for us to send a message by cutting all business ties with Belarus and conducting specific negotiations with our co-shareholders regarding the exit from the companies,” added Bangen.

The Port of Duisburg neither conducts business in Russia or Ukraine nor does it have any holdings there.

Duisburger Hafen AG owns and manages the Port of Duisburg, the world’s largest inland port.

Late last year it was announced that the Port of Duisburg will host Europe’s first carbon neutral container terminal powered by hydrogen and intelligent operations.

About Duisport

Duisport packing logistics GmbH is located in Duisburg, Nordrhein-Westfalen, Germany and is part of the Freight Transportation Arrangement Industry. duisport packing logistics GmbH has 263 employees at this location and generates $49.19 million in sales (USD). There are 4,254 companies in the duisport packing logistics GmbH corporate family.

ban Commerce Restricts the Export of Luxury Goods to Russia and Belarus and to Russian and Belarusian Oligarchs and Malign Actors in Latest Response to Aggression Against Ukraine

Commerce Restricts the Export of Luxury Goods to Russia and Belarus in Latest Response to Aggression Against Ukraine

Today, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) forced limitations on the product, reexport, and move (in nation) of extravagance merchandise to all end clients in the Russian Federation (Russia) and Belarus and to specific Russian and Belarusian oligarchs and defame actors found around the world. This activity is in light of Russia’s fierce, proceeding with intrusion of Ukraine (as considerably empowered by Belarus) in blatant infringement of worldwide regulation.

“Putin’s conflict of choice in Ukraine keeps on negatively affecting blameless regular folks in Ukraine, powering one of the most obviously awful compassionate emergencies Europe has found in many years,” expressed Secretary of Commerce Gina M. Raimondo. “Putin and the oligarchs who fund him have gotten rich off of Putin’s uncontrolled debasement and the exploitation of the Russian public. We won’t permit Putin and his cohorts to keep living in extravagance while causing colossal affliction all through Eastern Europe. The present activity removes one more wellspring of solace and advises them that Russia is progressively secluded.”

The Deputy Secretary of Commerce Don Graves said “The Department of Commerce will continue to vigorously exercise its authorities to deprive the Russian leadership of the material support it needs to sustain its aggression as well as the material comfort that insulates them from the harm they are inflicting, The people who have benefited most from Putin’s rule should know that they are international pariahs and that their money cannot insulate them from the unlawful actions they have facilitated.  This action also targets Russian and Belarusian oligarchs and other malign actors who have supported Putin.”

The Assistant Secretary of Commerce for Export Administration Thea D. Rozman Kendler said “Before today, controls on luxury goods only applied to rogue state North Korea—a regime where its leaders and their political cronies live in opulence while their people struggle. Today’s action should remind Putin and his Russian and Belarusian cronies that the world strongly condemns the horrors they have wrought. The U.S. and our allies and partners will continue to stand together in imposing severe consequences on Russia and Belarus for the continued invasion of Ukraine.”

Today’s rule imposes significant restrictions on persons and organizations within Russia and Belarus that have the financial resources to purchase U.S.-origin luxury goods.  Additionally, this rule imposes additional costs on certain Russian and Belarusian oligarchs and malign actors (regardless of their location) who have been designated by the Department of the Treasury as Specially Designated Nationals in connection with their support for the Russian government.   This action underscores the consequences of Russia’s invasion of Ukraine and also demonstrates to influential Russian and Belarusian individuals the material impact on their lifestyle for their support of the Russian government’s actions in Ukraine.

The rule provides a list of U.S.-origin luxury goods that are impacted by today’s sanctions and includes certain spirits, tobacco products, clothing items, jewelry, vehicles, and antique goods.

The rule takes effect when released in the Federal Register on March 11, 2022.

For more information on the Commerce Department’s actions in response to Russia’s invasion of Ukraine is available online here.

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