Great Russian Exodus Tees Up Tricky Deals as Firms Cut Ties
- Energy sector is leading a corporate pullback from Russia
- Other companies reviewing, halting operations in country
BP Pulse headquarters in Milton Keynes, U.K.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The energy sector is leading a corporate pullback from Russia after the country’s invasion of Ukraine. Getting out won’t be easy and may be costly.
Finding a buyer could prove extremely difficult, given punishing sanctions, unless gutsy Chinese, Indian or Middle East investors make opportunistic moves. That makes the likeliest outcomes selling back to Russian companies or the winding down of operations.