Western companies cutting ties to Russia has limited effect, experts say

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In light of Russia's unprovoked invasion of Ukraine, many major American and Western companies have decided to drop their presence in the region.

That list is expected to grow as the conflict continues and consumers look for companies to take a stand on the invasion, business experts told ABC News."Companies have found it difficult to stay out of [current events]," Erik Gordon, an assistant professor at the University of Michigan's Ross School of Business, told ABC News."That doesn't work anymore. If you don't take a stand one way or another the conclusion is you're either amoral or taken a bad stand.

"I don't think the Russian business will be a hospitable place for Western business for a very long time," he said.Shoppers walk past a closed 're:Store', an Apple reseller shop in a shopping mall in Omsk, Russia, March 2, 2022. Apple announced halting the sales of its iPhone and other popular products in Russia as part of an intensifying corporate crackdown spurred by the country's invasion of Ukraine.

"This isn't the divestment like we're seeing with BP or the other oil companies," Hiatt said."This is a small drop in the bucket for these companies compared to other markets."He noted, as an example, that the Russian market represents roughly 3% of worldwide sales for the movie industry.

 

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James Quincey, CEO CocaColaCo says that Cocacola stands for a better future and to include everyone .By having a business in Russia. are helping to finance Putin's war against 🇺🇦 which gives Ukraine a worse future and excludes them from their own country!! Cole have no moral

Didn't the NATA expansion cause the war?

Please!! More needs to join them

If they are so ineffectual why are there so many people trying to leave? Why is there no Russian stock market? Many why's to be asked.

'unprovoked.' Isnt NATO expansion to his border a provocation?

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