Have you noticed, with all of the countries kicking in with help for Ukraine, the OIL COMPANIES

[mahatmakanejeeves]

22. Russia-Ukraine war: The companies that have taken action so far

Yahoo Finance

Russia-Ukraine war: The companies that have taken action so far

Brian Sozzi and Alexandra Semenova
Mon, February 28, 2022, 4:58 PM

All eyes are on Russia this week as the West’s growing docket of financial penalties deal a harder-than-expected blow to the country’s economy, challenging a decades-long effort by President Vladimir Putin to make the system sanction-proof.

To add to the economic blowback, Corporate America and a growing number of multinational companies have joined in protest of Moscow’s military attack on Ukraine, moving to sever business dealings with Russia or take a stand in support for Ukrainian refugees.

Measures by the U.S. and Europe, including a move to block some Russian banks from the SWIFT payment network and sanctions on the Central Bank of Russia, have already sent the ruble cratering more than 30% and kept the Moscow Stock Exchange closed on Monday. A sharper economic fallout is underway, with JPMorgan warning the country is poised to enter a recession.

More penalizing announcements from multinational companies expected in the week ahead are likely to further derail the economic picture for Russia and the way of life for its citizens.

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