Friday, March 4, 2022

CANADIAN COs STILL DOING BUSINESS IN RUSSIA

   As Russia’s military lays siege to Ukrainian cities, SNC-Lavalin Group is among a number of high profile multinational companies trying to distance themselves from investments and operations within Vladimir Putin’s authoritarian regime.
   Despite sweeping sanctions designed to choke off and punish Russia for its violent assault on democracy, many Canadian-based companies have continued to do business with Russian partners in resource and related sectors, including hundreds of millions of dollars worth of mining, manufacturing, oil and gas projects.
   It is not clear whether any sanctions may affect them.

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