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Western Industry Giants Bolt Russia, Threatening $33 Billion in Projects

Western Industry Giants Bolt Russia, Threatening $33 Billion in Projects


Industry Segment: Production | Word Count: 1011 Words
Attachment: RussiaUkraineInvest--0322

SUGAR LAND--March 11, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Within just two weeks, U.S. and European companies have cut ties with Russia and its industrial leaders at a pace that few, if any, market observers predicted. Sanctions from Western governments have crippled Russia's major financial institutions, which, along with some old-fashioned public shaming, has forced some of the world's industrial titans to reconsider high-value investments in Russia's oil, gas, mining and automotive sectors, among others. Industrial Info is tracking more than $33 billion worth of projects in Russia that have been affected, the bulk of which are in the energy industry.

Within this article: Details on some of the highest-valued projects based in Russia, but owned or co-owned by foreign companies, to be delayed, paused or otherwise affected by the war in Ukraine.

Companies featured: Novatek, Sberbank, Gazprombank, Bank GPB International S.A., VEB.RF, Otkritie, Rosneft, Exxon Mobil Corporation (NYSE:XOM), SNC-Lavalin Group Incorporated (TSX:SNC), BP plc (NYSE:BP), HeidelbergCement AG, Toyota Motor Corporation (NYSE:TM), Volkswagen AG, Ford Motor Company (NYSE:F) and Hyundai Motor Company.

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