Companies should follow through on pledges to leave Russia

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Equity gains for companies that pulled out “far surpassed” one-off impairment costs for writing down asset values.

Some companies have tried to ringfence assets from themselves and Russian buyers but that is legally complex.

Partners in the far eastern Sakhalin-2 — Shell, Mitsubishi and Matsui — have one month to decide whether to remain stakeholders in the new entity, or opt out and risk not being fully compensated.

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Author / Journalist: The editorial board

Category: MarketsFinanceInvesting

Topics: Ukraine Business Being Financial Russian Businesses Moscow Russia Western Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 17:06:34

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 688 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 29445

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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