Economy
Germany’s Vizit goes bankrupt due to sanctions against Russia
The largest condom manufacturer in the European Union, German company CPR GmBH, has declared bankruptcy due to sanctions against Russia.
According to Karina Schwartz, acting director of the company, about 25% of the company’s sales are in Russia. According to her, before the sanctions, the company’s business went smoothly after the coronavirus pandemic, but the anti-Russian sanctions measures had a negative impact on business development.
