With the Ukraine war in its sixth month, the Moral Rating Agency has released new data on 47 of the largest companies in the world that it says have assets at risk.
The Russian assets of major global corporations could be seized by the Kremlin amid the ongoing fallout from Russia’s invasion of Ukraine, according to new research.
About 50% of Sakhalin Energy is owned by Russia’s state-owned gas company Gazprom RU:GAZP, which will be allowed to keep its stake. Shell SHEL, +2.88% has said it would sell its 27.5% stake in Sakhalin Energy. Japan’s Mitsui 8031, -0.67% and Mitsubishi 8058, -0.33% hold 12.5% and 10% stakes, respectively.
Among the companies it researched, The Moral Rating Agency identified General Electric Co. GE, +2.90%, PepsiCo Inc. PEP, +0.08% and Boeing Co. BA, +0.40% as at risk of asset expropriation. In March PepsiCo suspended the production and sale of Pepsi Cola and its other global beverage brands, including 7-Up and Mirinda, in Russia. The food and beverage giant also suspended capital investments and all advertising and promotional activities in Russia.
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