Western Companies Pull Back From Russia in Response to Ukraine Invasion, Sanctions

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Western Companies Pull Back From Russia in Response to Ukraine Invasion, Sanctions
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Companies are re-evaluating their businesses in Russia, with some curtailing their operations there or deciding to leave entirely, following the attack on Ukraine and escalating sanctions by the West

A powerful coalition of democracies announced it would cut off some Russian banks from the global payment system Swift. Here’s how Swift works, and how the move could ramp up pressure on Russian President Putin.

Photo: Anton Vaganov/Reuters
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