Companies pulling out of Russia
Anyone see this long list of companies? Russians are going to be living an odd life (consumers and their product choices).
Anyone see this long list of companies? Russians are going to be living an odd life (consumers and their product choices).
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Nature abhors a vacuum. The Chinese will gladly fill in there quickly. Then probably the Indians once the trepidation has been broken by the Chinese. Then I wouldn't be shocked if LATAM companies start trying to find their own niches here and there.
Then the more cynical side of me is also thinking in terms of how soon will it be before we see a NA/EU company on that list slide in under the guise of a company native to one of those other locales I listed.
Edit to add that a few of the companies on that list have also already tacitly admitted to tap dancing around "suspending operations" like Burger King saying that they won't support their franchises, but notice how they won't sever ties or disavow them either. That's the kind of opening where I think we'll see some middle man firm based out of elsewhere in LATAM (BK is Brazilian and all) step in that's an unknown big logistics and support company that'll support the franchises on behalf of BK, but that way BK themselves won't have to admit to doing anything.
Solid take here.
The Western economic shock and awe campaign doesn't seem to have collapsed the Ruble yet the way a lot of people were gloating that it would. Ruble has recovered about half of the decline that it suffered relative to the dollar in the first few days of the war.
Yes, and the discount rate in Russia is also up to what? 20%? More than double where it was? It's not like the Russian central bank doesn't have ways of combating currency devaluation, not to mention all the currency controls now in place.
Collapsing the value of the ruble wasn't the point, it was wrecking the Russian economy instead of sending in troops. And while the ruble may have bounced back a little, it has only been a few weeks. Lets see what happens in the coming weeks as consumer goods disappear.
Just wait until we attempt a regime change in a country with 6k nuclear weapons.
The absolute tragedy of living without junk food and social media mental illness. Russia is doomed, doomed!
Seriously guys, we have threads about banning social media all the time here and now we think Russia will be awful without them?
They probably benefit from the removal of destructive American cultural influences (rest in peace Moscow pride parades and BLM protests) and unhealthy food but the loss of critical intermediate industrial components is a big deal.
Most German and French companies didn't leave, many already resume operations. It really depends on a) what is necessary and b) what is irreplaceable and I have not seen any credible assessment about it. I don't really disagree with you but the claim needs backing.
Because social media and junk food companies are the only entities pulling out of Russia. Worst poster on this website, by far.
From a guy who voted Joe Biden expecting an economic boom and ended up with double digit inflation and empty shelves, I take it as a medal of honor. Nothing you can say insults me. Your side is a cancer for society.
This list is also a bit misleading in that is appears to show airline "exiting" Russia when in reality Russia closed their airspace and forced them out. Either way, I agree that it is good to show this initiative, but money-hungry companies from other continents (and maybe Europe/North America too in a few months) will go back. The flip side of that is that Russia isn't really a cash cow to any multinational, except for maybe some Energy or Defense companies.
Imo the future of any foreign company involvement in russia of those who pulled out will be solely predicated on Putin's next steps with regards to usage of WMD or bio warfare. If he goes truly off the deep end and resorts to using these means, I think most companies which pulled out will likely never come back at least in our lifetime. If he instead shifts his focus off of all Ukraine and instead focuses on controlling Donbas with subsequent peace, I think we'll see a very gradual re-entry of companies as most of them never placed blame on the general Russian population. However, I think the only way Russia gets its foreign partners back in full is if Putin is gone and someone much less radical takes his place. Just my brainstorming though, who actually knows..
I find this companies pulling out so massively out of Russia, at least for the time being, questionable.
The citizens in Russia are being hit very hard by this, people working for international companies who lose their jobs, a lot of companies immediately stopped paying salaries, payment problems with creditcard companies pulling out, basic stuff shortages(unilever for example pulling out). I think it mostly strenghtens aniti western sentiment and not some kind of upraise against Putin.
Also it's hypocritical, a lot of companies only have a small amount of revenue coming from Russia, why are they still in China when knowing what is going on there? it's not so hard to guess.
The largerst issue IMO is companies being involved in politics/conflicts, this will only strenghten this trend that has been growing and the acceptance of it.The clear meddling of big co's, big tech, big media in the 2020 elections. The netflxi, Ben and Jerry's, Disney stuff in recent years.
I think we are going to see a lot more craziness on this front,.Shit like Amazon shutting down AWS in states where they put in legislature that is anti woke, companies threatening to no longer sponsor sport events and stuff in states where they don't like certain laws.
It's hard to see how this doesn't counteract the globalization and integration trend. It's not acceptable to have all aspects of your life subject to massive disruption if a corporation decides to do a rug pull for political reasons.
whatever will russia do without tranny porn and impossible whoppers
Some McDonald's franchises reopened. I think they source their food domestically (not totally sure). I think their stationaries are sourced from abroad though, not sure that's a huge deal however all things considered.
I think a lot of Russians don't care about the sanctions right now because they don't really affect them at the moment unless they are mentally dependent on western consumer brands. I think the worst effects are yet to be seen. For example, not being able to get a Big Mac would suck, but life moves on; however, heavy industry that relies on the West (such as Russia's entire airline industry) will severely struggle after a couple of years. Imagine not being able to get a single replacement part for a 200 person passenger jet. Eventually they'll have to start cannibalizing their own fleet or begin production of their own replacement parts, which may not work well considering how poor their military equipment is.
20th Century Soviet engineering focused heavily on trial and error and throwing shit against the wall to see what sticks while American engineering took longer but avoided the sheer number of trials the Russians used. If that history repeats, then I don't have much faith in the Russians saving their own domestic industry. I don't think most people in Russia are willing to go back to a true Soviet era standard of living either, and unlike China, Russia does not have a good enough internal market to weather the storm over the long term.
“Russia aims to open its own version of McDonald's with similar logo after U.S. chain pulls out”
“McDonald's announced that they are closing. Well, good, close down!" said Volodin. "Tomorrow there won't be McDonald's, but Uncle Vanya's."
https://www.cbc.ca/amp/1.6389887
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