Why many companies are getting more durable on Russia than sanctions require

Why many businesses are getting tougher on Russia than sanctions require

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A growing number of businesses are choosing to shut down their operations in Russia — even if they aren’t required to. Companies in multiple industries are bowing out of Russia, from Apple (AAPL) to Ikea to ExxonMobil (XOM), to General Motors (GM).
The companies say they are concerned about Russia’s invasion of Ukraine, which has sparked widespread outrage across the United States and many European countries. Whether they’re pulling out to comply with government sanctions isn’t always clear. What is certain is that there are plenty of business reasons to shy away from Russia.
First and foremost: uncertainty. Investing money and selling goods for which the companies would be paid with a severely devalued Russian ruble, is a bad business decision. Why send a car or a smartphone to Russia when there is strong demand and pricing for the product in western markets?

“Businesses are asking themselves, ‘Do I want to continue with something where I don’t know if a contract I sign today can be…

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