Good morning, More American businesses are showing their support for Ukraine by cutting ties with Russia, both symbolically and literally. Businesses are booting Russian-made products from shelves and pulling their operations out of the country, even though doing so may come at a cost. Meta, for example, will no longer allow Russian-state media to run ads on its platforms. Certain U.S. governors are banning liquor stores owned by the state from selling Russian vodka. Daimler Truck, one of the world's largest commercial vehicle manufacturers, said that it immediately halted its business affairs in Russia, which include its partnership with Kamaz, a Russian truck maker. Smaller businesses are similarly ditching their business interests and associations with Russia. Should your company take a similar stand? Here’s what to consider before cutting business ties with Russia. |
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