Companies Divesting From Russia Are Facing Big Write-Downs

Commodities firm Glencore PLC said it was reviewing its business in Russia, including stakes in EN+ Group PLC and Rosneft. Companies outside the oil-and-gas industry, such as Apple andBut doing so comes at a cost. Divesting Russian investments and joint ventures will make a dent in companies’ income statements likely due to their reduced value, according to accountants and valuation advisers. Companies under U.S.

Impairments from these divestitures, some of them multibillion-dollar holdings, will likely constitute some of the biggest write-downs of the year, said David Trainer, chief executive at New Constructs LLC, an investment-research firm.

Big write downs= tax write off. Let’s buy gold 😉 or oil I missed that boat with Putin. Haha

I hope some banks don't use this an excuse to cover some shit up, it nothing they haven't done before. PS- Pls check my pinned tweet and help out if you can, anything helps, even a share, RT. A book in return for your help, this book is my GoFundMe.

Couple of months ago I came across a recommendation about Arnoldnike93 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation

We keep hearing “world is supporting Ukraine” but it doesn’t include China (1.4b ppl), India (1.2b) & the entire Africa & most of Asia..so, by ‘world’ you mean- US, Canada and Western Europe? Because China, Africa,ME and India are staying neutral or supporting Russia! truth

buy stocks and raise rates! print moar!

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russia tries to stop Western companies fleeing the countryRussian President Vladimir Putin is trying to stem the flow of Western businesses fleeing the country over his decision to wage war on Ukraine Is this brianstelter's secret father? Very soon even Europe will de-associate itself with the West.
Source: cnni - 🏆 326. / 59 Read more »

Another squeeze on Russia: Three shipping companies won't sail thereTwo of the world's biggest container shipping companies are halting cargo bookings to and from Russia. Les russes n'auront plus de gaz 😂
Source: CNN - 🏆 4. / 95 Read more »

Credit markets still cautiously open to U.S. companies as Russia-Ukraine war escalatesBorrowing conditions for U.S. companies often serve as a gauge for the Federal Reserve as it calibrates monetary policy. Spread levels aren't yet flashing red.
Source: MarketWatch - 🏆 3. / 97 Read more »

Top shipping companies suspend transports to RussiaThe move underscores Russia's increasing isolation as businesses and organizations around the world cut ties.
Source: axios - 🏆 302. / 63 Read more »

Major oil companies pull out of once-promising Russia - Alaska Public MediaThe announcements signal that even though Western countries have not sanctioned Russian energy companies, businesses no longer see operation in Russia as a safe investment.
Source: AKpublicnews - 🏆 387. / 55 Read more »

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 »