[Sebring]

Historically, post war reconstruction has always led to an economic boom. But yes the tragedy of lives lost and careers/families broken breaks my heart. And all this, just to satiate the whims of a Dictator. Hope better sense prevails soon. On topic, International businesses who pulled out may return to the plum market and Russia already has alternatives in place as per CNN

Originally Posted by GTO

Putin's war just took Russia's economy back a couple of decades. And you know who will suffer the most? Not the rich, but the middle class and people from economic levels below that. The hand-to-mouth citizens are finished. Careers destroyed. Those without savings will be out on the street. The economic consequences of war will be devastating for Russian people. Way too much suffering in this decade. First Covid's effects on jobs & businesses, and now this war.

[volkman10]

From Auto makers perspective:

10 car makers condemn war in Ukraine and suspend operations in Russia.



Russians rush to buy cars paying cash .


Link

[ABHI_1512]

Originally Posted by GTO

The economic consequences of war will be devastating for Russian people. Way too much suffering in this decade. First Covid's effects on jobs & businesses, and now this war.

Ironical, isn’t it ? The prime reason for the invasion according to Putin and his supporters is that he wants to protect the citizens and the country from the NATO forces and in doing so, he has just pushed his own country into a misery !!

Already, according to government sources in Russia, food rationing has started for the citizens. Large scale arrests are happening and anti war cry is getting louder by the day. All this after the whole world went through a Pandemic which is still raging in some form or the other. The large scale sanctions are going to cripple the country further down. What a pity !!

[Mafia]

All this provides a good case study for the regime in China. What to expect if they go on an expansionist strategy.

The mutual dependency of the communist states will somewhat negate the sanctions. If anything China, when they decide to expand will be harder to control as the world's dependency on China is very high and not easily curtailed.

The amount of negative publicity India has received due to its negative stand is stunning. India has used the presence of Russia and friendship with Russia for many decades during the tough years post-independence.

India will obviously take a stand against China if they were to take over Taiwan or the South China Sea.

[FAIAAA]

There's another fundamental reason, in addition to the geo-political reasons mentioned above. And that is , the SWIFT Ban.
Without SWIFT, it is not possible to repatriate payments out of Russia for MNCs.

Interesting Forbes article on what it means for Russia /companies operating there in the short term and how it could potentially change the financial landscape in the future

https://www.forbes.com/sites/iese/20...h=364dfbcc7b3b

[noo.b]

The company I work for is a German company, with its Russia Operations being its largest store network. At the moment its been stated that we will not pull out of Russia, I wonder how they would continue though, especially with the SWIFT ban

[comfortablynumb]

None of this makes any difference to the Russians.

They will soon be world leaders in streaming services after launching their own home grown channel, Nyetflix.

After this, they will take the lead in F&B with their all new chain of coffee kiosks, Tsarbucks.

These 2 giant conglomerates will ensure that the country doesn't feel the pinch of all these corporations deserting it.

[AROO7]

Originally Posted by shancz

Volvo being owned by Geely and still pulling out just highlights the overall complexity of international relations and trade.
Despite the ownership they wouldn't want to lose their customer base which I guess is primarily western.

Yes, you are right about that, especially for the U.S. market. Volvo is planning to bring as many as 5 EVs there and by 2025 its portfolio will comprise of PHEVs and EVs both having 50% share each. Add to that Volvo's aggressive push towards PHEVs and EVs leaves it with Europe and U.S. as their biggest market. That said, despite being owned by Geely Volvo has been given free hand (for the most part) for their operations similar to JLR.

[volkman10]

Chinese companies are set to benefit from the exit of Western brands from Russian

Big Chinese brands including Lenovo, Xiaomi, Hisense Oppo, Vivo and Realme along with Huawei, stores, some are actually moving to crank up supply as the war between Russia and Ukraine intensifies.

Microsoft, Apple, Hewlett Packard, and Dell have already announced that they are pulling supply to Russia following the invasion of Ukraine but not several key Chinese brands.

[quote]

Apple and Samsung’s decision to suspend sales in Russia potentially puts its close to 30% share of the smartphone market up for grabs

Consumers are now being urged to boycott the Chinese Companies in markets such as Europe, the UK, Australia, Canada, and the USA.

Many of the Chinese brands have built strong ties in Russia over recent decades, capturing more than 40% of the market for some tech products.

Reports in China claim that Huawei is helping Putin’s efforts to stabilise Russia’s internet network after it came under attack from hacker groups across the globe.

Link

[AZT]

All Big 4 accounting firms have also exited Russia - Deloitte, EY, KPMG, PwC. They are restructuring operations else they wont win any US govt contracts. I would guess same for all major consulting firms.

The Russian firm wil have to sever all ties with the brand or be shut down.

[volkman10]

Shell drops Russia oil supply after coming under fire for buying it on the cheap.

Shell announces intent to withdraw from Russian oil and gas.

Shell said it will stop buying Russian crude on the spot market and will not renew its term contracts, unless directed by governments to do otherwise. It also said it will change its crude oil supply chain to remove Russian volumes, though this could take some weeks, and will lead to reduced throughput at some of its refineries.

Link


250 Companies Have Pulled Out of Russia Since Invasion.

Western brands are vanishing from the Russian market at an eye-watering speed.

The Kremlin has also announced its own set of ultra-restrictive measures — such as a ban on transferring foreign currency out of the country — that have further cratered the country’s business climate. Moscow has also sought to frustrate the exodus, telling stock market brokers to reject sell orders from foreign clients when the Russian stock markets open back up for trading, and has said it will block the ability of private investors to exit their stakes in Russian firms.

Source:

[Kosfactor]

Hilarious how the 'Western' media nexus is playing this out.

Is Russia the only country to invade another one?

Just find out the number of times the more so called 'Civilized Western Nations' have done it so themselves.

This invasion is a direct result of a power vacuum in retard'stan.

[drsnt]

Nothing will happen, after the initial hoopla, things will return to normal. Ukraine will be left to fend for itself. Europe cannot survive economically the effect of gas and petroleum high prices. Russia will still stand its ground. US will be as usual diplomatic as it realises it cannot take Russia head-on like Iraq or Vietnam or Afghanistan. Russia will have all brands back in a few months or even earlier. It's psychological war at play.

[volkman10]

Originally Posted by volkman10

---

Some of the largest brands yet to stop doing business in the country include McDonald's, Coca-Cola, and Pepsi.

Now McDonald's, Starbucks and Coca-Cola leave Russia.

McDonald:

McDonald's has decided to temporarily close all our restaurants in Russia and pause all operations in the market

There were 847 locations of McDonald's in Russia at the close of last year

In Russia, we employ 62,000 people who have poured their heart and soul into our McDonald's brand to serve their communities. We work with hundreds of local, Russian suppliers and partners who produce the food for our menu and support our brand,

at the same time, our values mean we cannot ignore the needless human suffering unfolding in Ukraine.

Starbucks:

today, we have decided to suspend all business activity in Russia.

our licensed partner has agreed to immediately pause store operations and will provide support to the nearly 2,000 [employees] in Russia who depend on Starbucks for their livelihood.

Starbucks is halting shipment of all Starbucks products to Russia

We condemn the horrific attacks on Ukraine by Russia and our hearts go out to all those affected

Coke:

"suspending its business in Russia."

our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine

PepsiCo, Danone and Unilever:

Given the horrific events occurring in Ukraine we are announcing the suspension of the sale of Pepsi-Cola, and our global beverage brands in Russia, including 7Up and Mirinda

But PepsiCo will continue to sell some of its products, including baby formula, baby food, milk and other dairy options.

Danone (DANOY), which makes Silk milk alternatives, Activia, Oikos yogurt, baby formula and more, said in a LinkedIn post on Sunday that "we have decided to suspend all investment projects in Russia," adding that it would "maintain our production and distribution of fresh dairy products and infant nutrition, to still meet the essential food needs of the local population."

Unilever (UL) made a similar statement this week, saying that "we will continue to supply our everyday essential food and hygiene products made in Russia to people in the country," adding "we will keep this under close review."
The company noted it is has suspended imports of its products to Russia and is stopping all investment in the country, in addition to stopping exports from there. It said it won't profit from its presence in Russia.

Yum Brands (YUM), which owns KFC, Pizza Hut, Taco Bell and the Habit Grill, said in a statement that it "has suspended all investment and restaurant development in Russia."

will "redirect all profits from operations in Russia to humanitarian efforts," in addition to making donations to the Red Cross through the Yum Brands Foundation.

Yum has about 1,000 KFC restaurants and 50 Pizza Hut locations in Russia. The company said that most of these are operated by independent owners.


Link

[WorkingGuru]

Impressive how they all pulled out when they get offended by a country at war. Or is all this just a PR campaign ? Will most of them open again after the pressure reduces ?