Multinationals flee Russia, punishing Moscow
| Large multinational companies are fleeing Russia, joining a large swath of the international community in moving to isolate the nation in response to its brutal invasion of Ukraine.
Oil and gas giants BP and Shell announced they are leaving Russia after spending decades making investments worth billions of dollars in the country, while several U.S. companies are halting all shipments to Russia. The exodus is expected to continue as more businesses weigh the reputational and financial risks of doing business with Russian President Vladimir Putin. Experts say that if energy firms are willing to forfeit huge sums by pulling out of Russia, industries with much less to lose will soon follow suit. |
