What global companies are abandoning Russia, and why

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NEW: KPMG and PricewaterhouseCoopers, two of the Big Four accounting firms, announced they're cutting business ties in Russia due to the invasion of Ukraine

Businesses operating in Russia have an increasingly limited ability to collect revenue or pay workers and suppliers.Some workers are being moved out of Russia. Restricted airspace and travel are preventing companies from getting equipment they need to continue to operate.

 

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Turkey's position is very important in terms of oil and gas energy we need to talk to them, we need to get rid of Russia

A week into this, they woke up and thought, 'We will look like idiots if we don't follow suit. Maybe as bad as Trump's CPA.'

This is so ignorant and will only cost the united states long term, its all going to backfire.

And it took 11 days of carnage - why not on day one?

Not sure how these two companies are still in business, they both been done for criminal/fraud offences a few times.

I don't see Ernst & Young on the list. They need to step up!

How are these companies ever going to go back into Russia? The Russians are not going to fully leave Ukraine so can any of them say how much of Ukraine occupation is acceptable to them to go back to business?

What’s CocaCola doing? Is this not as bad as Georgia voting laws?

What about the Israeli apartheid state?

Russia has always been Russia... fascinating how many companies were willing to ignore that for $

an opening for Mazars!

Finally

Good move.

Keep the ball rolling until Putin is crushed.

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 /  🏆 302. in TH

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