Russia's war has spilled to the markets and could this split our world?
Below is the list of companies that have curtailed Russian operations updated as of 9th March 2022. In general, we can expect their future earnings (from Russia) to be affected. This could lead to affected earnings, assets write off & lowered profitability due to their Russian exposure.
It is important to ascertain the companies' exposure to Russia and establish a proper view of their coming earnings. It will not be surprising for some companies to "hide" behind the Russian exposure when it is down to their own "failures" and mismanagement.
Business Opportunities in Russia and Ukraine
With the needs created from the exiting or suspended businesses, local businesses, other businesses and countries could stand to gain. Looking through the list, I am "relieved" that a good number of businesses have chosen to suspend their business over exiting the Russian market. I do not think that war is right but how far should we punish the citizens for the choice of their leader?
War has spilled from the streets of Ukraine onto Wall Street - hitting energy, commodities, agricultural produce, financial market and more.
02 Mar 2022 news extract from The Guardian - 141 voted with 35 abstained and 5 voted against |
SCMP news - Could China, India & Indonesia benefit from the Russian sanctions? |
https://www.worldometers.info/world-population/population-by-country/ as of 17Mar2022 |
From the worldmeters.info above, China, India, Russia & Indonesia (CIRI) are amongst the 10 most populous countries in the world. As of 2022, they account for 41.55% of the world's population. This could easily form a trading bloc that could be "self-sufficient" with one of the biggest landmass, population and good economic growth potential.
For our world to prosper together, there need to be win-win collaborations across the regions. It does not mean that we should back down from our values but rather seek resolution with minimal loss of lives & livelihood. I know that we can be big enough to look beyond our political and ideological differences to work for the common good, sustainability and improvement of mankind.
Together, we are better. Give peace a chance.
List of Companies who have exited or suspended operations in Russia as per 9th Mar 2022 |
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