140 Companies That Have Pulled Out of Russia
Russia’s invasion of Ukraine has turned into the largest ground war on European soil since World War II. And along with causing immense loss of human life and destruction across many of Ukraine’s cities, it is roiling the global economic landscape – and causing many of the world’s largest companies to pull out of Russia as the country increasingly becomes a global pariah.
The economic fallout from this conflict is wide-ranging, in part because of both countries’ importance to the commodity markets. Ukraine and Russia are both global leaders in production of food commodities, including wheat and sunflower oil.
Russia is also the world’s No. 3 oil producer, behind only the United States and Saudi Arabia, and on March 8, America moved to ban Russian oil and other energy exports. Meanwhile, Russia dominates the European energy market, as its largest supplier of natural gas, which is used for home heating and power generation.
But another wrinkle
