To The Moon

Hundreds of large U.S. companies have suspended their operations in Russia, but some companies have continued to operate in Russia undeterred.

The full, current list of companies that have curtailed operations in Russia as well as those that remain, as of March 10, can be seen below.

Source from yale.edu

Seeing that companies and investors from all walks of life have withdrawn from Russia one after another, it is expected Western companies leave Russia will expand in the future.

The Impact of Ruble Sunk on Russia and Globally

Remember or not?

30 years ago, after the collapse of the Soviet Union, Russia was regarded as a promising new blue ocean by Western companies. From large energy companies, to car manufacturers, to beer, dairy, and other food & beverage manufacturers, they have entered Russia, constantly expanding their business and exploring business opportunities from Russia's rich natural resources through acquisitions or cooperation with local companies.

Now, under the escalating Western sanctions, those once ambitious ambitions have come to an abrupt end. This means a huge loss for both parties.

Just Overnight, Russia may lose the Western partnership, the related commercial capital, and technical support, commercial precipitation that took decades to build.

The ruthless war will inevitably have a major impact on the business in the war. We expect to see related impairments of many companies in the Q1, 2022 earnings report.

For example：

McDonald's $McDonald's(MCD)$ is temporarily closing 847 of its stores in Russia, which will cost the fast-food chain about $50 million a month. The fast-food giant employs 62,000 Russian workers and gets 9 percent of its revenue from its locations in Russia and Ukraine, according to recent records.

BP$BP PLC(BP..UK)$  announced that it would sell a 19.75% stake in Rosneft. Non-cash losses from the exit are expected to be as high as $25 billion.

Shell$SHELL PLC(RYDAF)$ , the world's second-largest oil company, announced it will withdraw from a joint venture with Gazprom, including the Nord Stream 2 gas pipeline project. Shell's stake in Russia worth about $3 billion.

Equinor ASA$Equinor ASA(EQNR)$ , Norway's largest energy company, also announced it would exit its roughly $1.2 billion joint venture in Russia.

Please watch out for those giants with large business in Russia.