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Ukraine Update: Firms Exit Russia, Fitch Sees ‘Imminent’ Default

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WATCH: President Joe Biden says the U.S. will ban imports of Russian fossil fuels including oil.Source: Bloomberg
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Starbucks Corp. and Coca-Cola Co. joined the steady stream of companies suspending operations or pulling out of Russia, as Fitch Ratings said a bond default is “imminent” because of the country’s financial isolation after its invasion of Ukraine.