Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns continue, according to a review of public statements and securities filings. Almost 1,000 Western businesses have pledged to exit or cut back operations in Russia,… Continue reading Losses from Russian Sanctions Cost Businesses $59 Billion
Tag: Ukraine-Russia war
Economic Shocks From Ukraine Invasion Fallout to Pressure Global Insurance Industry: AM Best
AM Best believes that Russia’s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, particularly given the significant fallout in the capital markets and potential for widespread cyber attacks. In its Best’s Commentary, “Significant Implications of Ukraine Invasion on Global Insurance Industry,” AM Best notes that invasion has… Continue reading Economic Shocks From Ukraine Invasion Fallout to Pressure Global Insurance Industry: AM Best