When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment. When Russia invaded Ukraine, companies were quick to respond, some announcing they would get out of Russia immediately, others vowed to curtail sales and new investment. She called the Russia business a deeply integrated part of Carlsberg. AdvertisementCompanies are lost in “a Bermuda Triangle between EU sanctions, U.S. sanctions and Russia sanctions,” said Michael Harms, executive director of the German Eastern Business Association. Though VW has disposed of its Russia business, it still must contend with the lawsuits.

Source: Huffington Post May 25, 2023 11:16 UTC