RUSSIA’S WAR SPURS CORPORATE EXODUS, EXPOSES BUSINESS RISKS
Mar 05, 2022
4 minutes
Image: Sergei Karpukhin
Auto shipments stopped, beer stopped flowing, cargo ships dropped port calls and oil companies cut their pipelines.
Russia’s invasion of Ukraine has thrown business plans into disarray and forced a growing number of the world’s best known brands — from Apple to Mercedes-Benz and BP — to pull out of a country that’s become a global outcast as companies seek to maintain their reputations and live up to corporate responsibility standards.
Investors were drawn to Russia in search of lucrative profits they thought were worth the geopolitical risks. That calculation has changed after Russian President Vladimir Putin launched war in Europe,
You’re reading a preview, subscribe to read more.
Start your free 30 days