From BP to Daimler, rush of corporate exits isolate Russia further

Beijing can help soften the blow to Moscow -- but by how much?

20220228N Putin portrait on building

A mural of Russian President Vladimir Putin in the Moscow-region town of Kashira. His decision to invade Ukraine is rupturing economic ties between his the country and the West. © Reuters

KOSUKE INOUE, Nikkei staff writer

TOKYO -- From big oil to automobiles to logistics, companies around the world are suspending Russian partnerships and operations in the wake of the Ukraine conflict.

The ruble has plunged against the dollar as corporate exits, economic sanctions and flight bans increasingly cut off Russia's economy from the rest of the globe. The question now is how much of a helping hand China could extend to its longtime partner.

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