UlstermanAbroad
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Executive Summary:
The World Bank, IMF et al have been reporting economic activity in Russia based only on figures supplied by RosStat, the Russian state owned statistics bureau. Without challenge. Thus, to date, sanctions have been seen by the public and world governments as having a mixed effect. With the Russian economy as a whole, assumed to be largely unaffected. Putin believes that he can win the war by prevailing, when the West has grown weary of bearing the economic cost of the war.
However, Professor Jeffry Sonnenfeld of Yale School of Managment, has compiled a list of those companies who have pulled their FDI (foreign direct investment) from Russia and those who have remained and ranked them on a scale of A to F with A being applied to those who have pulled out completely. What the Professor's research group has found is that the economy is being cannibalised by Putin with everything needed by the military being taken from the civilian economy. Especially things like computer chips.
He calculates that Russia is losing money on every barrel of oil it sells to China and Iran. Production and shipping costs are roughly $55 per barrel, yet the Chinese and Iranians are only paying a fraction of that. As many employees as possible, who were employed by FDI companies, are now employed by the Russian state. Computer Analysts are employed as street sweepers, for example.
According to Sonnenfeld, Russia is only functioning because of its dwindling foreign exchange reserves.
The above is a summary of the interview by Deutsche Welle which is the German equivalent of the BBC, linked below. From a month ago. Jeffry Sonnenfeld Interview as copied to YouTube.
Those FDI companies graded F, who are still trading in Russia are listed in the following link. Yale School of Management
You might peruse the list and if there are any companies that your company does business with, you might ask your CEO to reconsider and explain why. Your company might be next, to be in the spotlight.
If you buy products from any of the companies still trading in Russia, you might consider spending your money elsewhere and if you have a moment, you might consider using social media to tell them what you're doing and why.
Even the US Government was fooled by the stats reported by the World Bank and IMF. Until Sonnenfeld helped change the narrative.
The World Bank, IMF et al have been reporting economic activity in Russia based only on figures supplied by RosStat, the Russian state owned statistics bureau. Without challenge. Thus, to date, sanctions have been seen by the public and world governments as having a mixed effect. With the Russian economy as a whole, assumed to be largely unaffected. Putin believes that he can win the war by prevailing, when the West has grown weary of bearing the economic cost of the war.
However, Professor Jeffry Sonnenfeld of Yale School of Managment, has compiled a list of those companies who have pulled their FDI (foreign direct investment) from Russia and those who have remained and ranked them on a scale of A to F with A being applied to those who have pulled out completely. What the Professor's research group has found is that the economy is being cannibalised by Putin with everything needed by the military being taken from the civilian economy. Especially things like computer chips.
He calculates that Russia is losing money on every barrel of oil it sells to China and Iran. Production and shipping costs are roughly $55 per barrel, yet the Chinese and Iranians are only paying a fraction of that. As many employees as possible, who were employed by FDI companies, are now employed by the Russian state. Computer Analysts are employed as street sweepers, for example.
According to Sonnenfeld, Russia is only functioning because of its dwindling foreign exchange reserves.
The above is a summary of the interview by Deutsche Welle which is the German equivalent of the BBC, linked below. From a month ago. Jeffry Sonnenfeld Interview as copied to YouTube.
Those FDI companies graded F, who are still trading in Russia are listed in the following link. Yale School of Management
You might peruse the list and if there are any companies that your company does business with, you might ask your CEO to reconsider and explain why. Your company might be next, to be in the spotlight.
If you buy products from any of the companies still trading in Russia, you might consider spending your money elsewhere and if you have a moment, you might consider using social media to tell them what you're doing and why.
Even the US Government was fooled by the stats reported by the World Bank and IMF. Until Sonnenfeld helped change the narrative.
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