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.

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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!

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