American businesses wary of sanctions in Russia
Large American companies like GE, Boeing and Pepsico do billions of dollars worth of business in Russia, and, in some cases, have spent the past 20 years building infrastructure and relationships with Moscow. They fear that if the U.S. imposes sanctions that are too tough, competitors in Europe and Asia could take advantage and step in. Meanwhile, U.S. businesses with operations in Crimea are facing a quandary of their own: whether to accomodate to Russia’s absorption of Crimea or to sell, likely at a loss, and get out.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
