After Russia’s invasion of Ukraine in February 2022, hundreds of Western companies announced they would quit operating in Russia. But actually selling their assets and withdrawing has taken time.
Author: Kevin Granville
Russia appears to have avoided default as it makes a $117 million bond payment.
Sanctions have isolated the country financially, driven down the value of the ruble and cut off Moscow’s access to about half its foreign currency reserves.
Wirecard, a Payments Firm, Is Rocked by a Report of a Missing $2 Billion
The German company’s share price has plunged 80 percent, and its longtime chief executive has resigned.