One by one, global companies are cutting their ties to Russia
Companies ranging from General Motors to UPS are exiting or reducing their operations in Russia as wide-ranging sanctions make it all but impossible to operate in the country.
by David Gura
Mar 02, 2022
2 minutes
Companies from Apple to Exxon Mobil are either exiting or cutting their investments in Russia, adding to the country's economic pain following its invasion of Ukraine.
Russia is buckling under a raft of severe wide-ranging sanctions imposed by the U.S. and its allies. They have restricted the country's access to its overseas currency reserves and barred many of its banks from SWIFT, a global network that financial
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