According to a March 8 report from Reuters, Russian-based private equity firm Insight Investment Group has acquired John Deere Financial's Russian operations.
According to the October update to the CEMA Business Climate Index, the index's development has continued its sideways movement after the declines in the course of the war in Ukraine.
In a fact sheet released July 14, the U.S. Department of the Treasury specified that there are no U.S. sanctions against "the exportation of agricultural equipment and spare parts to Russia."
On June 8, Bloomberg reported sales of all products to Russia from its normal trading partners — which accounted for one-half of all imports in 2021 — were down 40% in April.
Even with the worsening conflict between Russia and Ukraine, some South American companies have reported to have received more orders for agricultural machinery.
According to a report from Observator, Kharkiv Tractor Plant, a Ukrainian tractor manufacturer that suffered bombing during the initial invasion of Ukraine, has announced it will move production to neighboring Romania.
According to a Feb. 28, 2022, report from Agroportal24h, the Kharkiv Tractor Plant, a manufacturer of wheeled and track-type tractors, has been destroyed and “engulfed in fire” by “massive shelling” from Russian forces in the eastern Ukrainian city of Kharkiv.
According to a report from CBC, Buhler Industries was not named on a sanctions list from the Canadian government in response to the ongoing Russo-Ukrainian War.
The Russo-Ukrainian War began Feb. 24, 2022, with the Russian invasion of Ukraine and has caused a series of problems for ag equipment manufacturers, dealers and farmers operating in the country.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.