Yale CELI List of Companies: International Paper agrees to sell 50% stake

NEW YORK (RichTVX.com) — International Paper announced that it has agreed to sell its 50% stake in Ilim SA, the holding company for its Ilim joint venture, to its joint venture partners for $484 million. The sale is subject to regulatory approvals in Russia. The transaction values Ilim at $3.5 billion based on a multiple of 3.1 times EBITDA on 2022 full-year results. The company also received an indication of interest from its joint venture partners to purchase all of the company’s shares in JSC Ilim Group for $24 million, and the company intends to pursue an agreement to sell the shares, and to divest other non-material residual interests associated with Ilim, to its joint venture partners. This will be considered on the Yale list. The Yale CELI List of Companies is a constantly updated list of over 1,000 companies worldwide and their grades from A through F based on their level of involvement or disengagement in funding Russia’s War on Ukraine. The list is managed by the Yale Chief Executive Leadership Institute (CELI), whose leaders include CELI Research Director Steven Tian and the Senior Associate Dean at the Yale School of Management, Professor and CELI President Jeffrey Sonnenfeld. On behalf of Rich TVX News Network, we would like to extend our deepest appreciation and respect to Professor and CELI President Jeffrey Sonnenfeld, Steven Tian and the entire Yale research team. Your dedication and hard work have been an inspiration to us all. We are grateful for all that you do and the positive impact you have on the community.

Parallel Imports Legalization Leads to 40% Drop in Russia’s Electronics Import Customs Fees

According to the latest update from the UK Department of Defense, military intelligence reveals that Russia has completed the training of the new composition of the 2nd Guards Motorized Rifle Division in Belarus. Most of the troops have now been transferred back to Russia, but will almost certainly be re-activated for operations in Ukraine. The 2nd Guards Motor Rifle Division is part of the 1st Guards Tank Army and suffered heavy losses at the initial stage of the conflict. Now it mainly consists of mobilized troops, using old equipment removed from storage. The combat effectiveness of the division is likely to be limited, despite several weeks of training. The intelligence suggests that other Russian units are being rotated in Belarus for similar training and that Russia will continue to use this model to replenish its personnel in Ukraine.The Chief of the General Staff of the Czech Army, Major General Karel Rzhegka, has stated that if war broke out between NATO and Russia, the Czech Republic would need to carry out at least selective mobilization. He believes that the Czech Republic should learn a lesson from the war between Russia and Ukraine and involve the whole society, not just the army, in the defense of the country. He suggests that the Ukrainians were able to defend themselves against Russia at the beginning of the war because they were prepared, united as a society, and were ready to defend their values at any cost. A new study has just arrived with some fascinating statistics on the impact of business retreats and sanctions on the Russian economy. Customs fees from the import of household appliances and electronics into Russia fell by 40% in 2022. The drop in customs fees is attributed to the departure of foreign suppliers and the legalization of parallel imports. This includes computers, laptops, smartphones, large and small household appliances. The sources suggest that small resellers have started to import goods in small batches and do not draw up customs documents, which is contributing to the decrease in customs fees.

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