Comment by awb
5 years ago
> because of the political views of their CEO or some geopolitical event
Outside of the unprovoked war, there are a few very novel things going on: Putin threatening a nuclear 1st strike, EU banning Russian aircraft and naval vessels, disconnecting Russia from SWIFT, major companies divesting their Russian assets, Russia banning foreign current withdrawals, Germany massively boosting their defense funds, EU nations openly donating weapons to fight the Russian invasion, Russian stock market refusing to open, Russia banned from the World Cup and other sporting events, etc.
There are some major, major world events happening. It’s gonna get a little bumpy.
This announcement seems like one of the least surprising or least world-changing events of the last 96 hours.
And with all of the sanctions against the financial connections to Russia, it seems like there will probably be lots of complications in even doing business with Russians. Purely from a business standpoint I can understand cutting off the market if you think they're unlikely to be able to pay easily, and then the idea that a predominantly Ukrainian company would be expected to put up with this is ridiculous.