sanctions imposed this week on RussiaMajor U.S. stock indexes have been relatively resilient, with the S&P 500 and Nasdaq Composite both up at least 1.9% since Russia invaded Ukraine.
Investors so far have been calm in the face of the conflict and many have used the opportunity offered by lower prices to buy. Data suggest that risks facing U.S. banks with exposure to the region are limited.
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Western companies severing ties with Russia over invasion of Ukraine, sanctionsThe United States, Canada, European allies, and other countries announced a rash of sanctions against Russia over its invasion of Ukraine, including cutting Russian banks from the SWIFT messaging service, banning Russian aircraft, limiting the business dealings of Russian oligarchs, and other measures that will economically isolate the country.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Western business flight from Russia continues with Shell, GM and others ending or suspending dealingsRussia’s business rupture with the West grew wider as Shell, General Motors and others announced plans to end or freeze their dealings with the nation after its invasion of Ukraine. Freezing our dealings with Russia doesn't mean Americans are going to pay less for oil. They'll hike up the prices cause what oil tycoon wants to take a pay cut to 5mil a month! ☹️ Russia hasn't been this cut off from the rest of the world since the mid eighties. The key difference is that the rest of the world has never been this entwined with Russia. This is going to hurt everyone, not just those directly involved. 賠錢生意沒人做的
Source: washingtonpost - 🏆 95. / 72 Read more »
Western Companies Pull Back From Russia in Response to Ukraine Invasion, SanctionsThe retrenchment is a dramatic change from a few decades ago, when the fall of the Soviet Union made Russia a promising market for international companies including energy majors, brewers and car makers. Everyone close up shop in Belarus and Russia: Starbucks, McDonalds and other fastfood, Apple store Google PlayStore, all cell phone apps, Hilton and other hotels, etc. World powers State leaders are constantly trapping and still destroying states as they have done for 300 years. They are establishing a new world order. USA China, NATO and some leaders from different countries they own oil for $200
Source: WSJ - 🏆 98. / 63 Read more »