Divesting from Russia is easier said than done - a podcast by Marketplace
from 2022-03-03T00:10:56
A growing number of giant global businesses — including Apple, Shell, Ford and BP — are opting to divest from Russia in the wake of its invasion of Ukraine. That list also includes ExxonMobil, which manages and has a major stake in a Russian oil and gas project. Terminating those commitments will take time, cost billions and likely not change Vladimir Putin’s stance on Ukraine. We’ll also look at where OPEC+ oil is flowing, how a ban on Russian airlines will affect global aviation and what it means that the ruble is a free-floating currency. Plus: Federal Reserve chief Jerome Powell confirms the upcoming interest rate hike we’ve been expecting.
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