Foreign Firms Abandon Russia Amid Ukraine Invasion

The video discusses the withdrawal of firms from Russia, reversing decades of investment since the Soviet Union's collapse. It highlights the impact on various industries, including automotive and shipping, and the challenges faced by the oil and gas sector. The banking sector is also affected, with uncertainties about operations in Russia due to potential sanctions and the disconnection of Russian banks from the SWIFT system.

What major event in 1991 led to three decades of investment in Russia?

• The collapse of the Soviet Union

• The fall of the Berlin Wall

• The formation of the European Union

• The end of the Cold War

Which industry is highlighted as particularly fascinating in the context of firms exiting Russia?

• Oil and Gas

• Pharmaceutical

• Technology

• Automobile

Which company was one of the first to announce it would divest its assets in Russia?

• BP

• Total

• ExxonMobil

• Shell

What is a significant concern for banks operating in Russia despite the carve-out for oil and gas?

• Uncertainty in operations

• High taxation

• Political instability

• Currency fluctuations

Which banks have restricted lending in the Russian oil and gas sector?

• HSBC and Barclays

• ING and Rabobank

• Credit Suisse and SoC Gen

• Deutsche Bank and BNP Paribas