left loopholes to allow payments for critical oil and gas supplies that fuel Europe—and the world’s—economies. But businesses are instead going beyond, slapping a toxic label on anything to do with Russia, shunning its oil, refusing to issue insurance and cutting off financial transactions even with entities not on the sanctions list.
The result is deeper financial pressure on Russia, potentially triggering bankruptcies in industries that can’t get access to cash or pay their bills. Other unintended consequences include
Thank goodness our business leaders in the oil and gas industry are more for the people of the US than our administration! The O&G industry have tens of millions of dollars at stake / lost!
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It's time to start making a list of western companies still doing any business in Russia.
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