Lovely Talks to CBS News, WPR About Businesses No Longer Doing Business in Russia
March 9, 2022
CBS News,Wisconsin Public Radio
Along with needing to comply with Western sanctions against Russia, companies are increasingly aware of the potential risks to their reputations by continuing with business as usual in the country, while some have cited their own corporate responsibility standards for pulling back. They're also expressing concern about the plight of Ukrainians as the war takes a mounting toll on civilians.
"You basically have Russia becoming a commercial pariah," Professor Mary Lovely, a senior fellow at the Peterson Institute for International Economics in Washington, tells CBS News. "Pretty much no company, no multinational, wants to be caught on the wrong side of U.S. and Western sanctions."
Lovely was also interviewed for the Wisconsin Public Radio piece, "Growing number of Wisconsin companies stop doing business in Russia, express support for Ukraine."
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