russia

EXPOSURE OF MAJOR WESTERN COMPANIES IN RUSSIA

The listing here below is not exhaustive. It highlights the exposure of major companies by countries active in Russia that could suffer from a further deterioration of trade relations. Already sanctions are taking a toll on business.  

Austria

  • Raiffeisen Bank has €18bn of loans to Russia and Ukraine
  • Erste Group is warning that the turmoil could impact banks in eastern Europe.

Denmark

ATTACKING GLOBAL CONSULTANTS WOULD ONLY HURT RUSSIA

Russia is considering legislation to target global accounting and auditing firms because 'these are companies are viewed as apparently having sensitive positions in terms of Russia’s sovereignty and economic security’. Targeted companies would include the Boston Consulting Group, PricewaterhouseCoopers, KPMG, Mc Kinsey & Co, Deloitte and Ernst & Young.

RUSSIA TAKES ACTION

Russia takes action:

1. Fruits and Vegetables

SANCTIONS AGAINST RUSSIA WILL HURT THE EU

Just as the EU is trying its best to revive a stagnant economy, attempting to mend a fragile debt market and tackle high unemployment, sanctions against Russia will hurt the economies of major EU member states such as Germany,  Britain, Italy, Holland and France  with Germany being hit the hardest.

As a block, the European Union exports about € 100 billion worth of goods and services to Russia and takes in roughly € 200 million of the latter's imports.

Germany

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