: Hundreds of CEOs Came Out Against Russia. Their Involvement Could Change War Forever #WorldNEWS Traditionally, corporations that do business with countries that are considered international pariahs

Hundreds of CEOs Came Out Against Russia. Their Involvement Could Change War Forever #WorldNEWS
Traditionally, corporations that do business with countries that are considered international pariahs have drawn a bright line between matters of trade and matters of state. Many CEOs see it more or less as Mark Weil of global business service provider TMF group does: If I start saying, I dont much like that government—and there are plenty of governments whose actions one might choose not to like very much—we wouldnt do business anywhere, he says.
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Besides, trade between nations is supposed to be good for peace and prosperity, so those who help it along consider themselves the good guys. Were part of the cog of capitalism that spreads investment employment wealth, says Weil of his companys work providing compliance and administrative services around the world, including in Russia and Ukraine. And generally there is some correlation between inward investment and prosperity and various freedoms.
But these calculations have changed since Russia invaded Ukraine on Feb. 24. The NATO countries and their western cousins quickly slammed an unprecedented suite of financial and economic penalties on Russia. While cutting off an aggressor from outside resources is almost as old a battle tool as battering rams, these economic restrictions were of a breadth and depth that had never been leveled against a country with such a large GDP before. And they were enhanced by the number of corporations and private enterprises that unilaterally announced they would suspend or completely terminate business dealings there. Having jumped in with both feet, the business world has become enmeshed in an international geopolitical conflict with a whole new force, which could have a significant impact on how wars are fought—and peace is negotiated—in the future.
Read More: How Big Business Got Woke and Dumped Trump
In the space of a few days the statements rolled in from energy companies, credit card companies, media companies, management firms, tech giants, and on Thursday, even banks. It wasnt just that they announced their departures in their usual neutral corporate-speak; many of them shook the dust off their feet before leaving. “We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,” said Al Kelly, chairman and CEO of Visa Inc. Accenture, calling for an end to unlawful and horrific attack on the people of Ukraine and their freedom, said it was discontinuing its business in Russia. In an email to franchisees and employees about temporarily closing all its restaurants in Russia, McDonalds CEO Chris Kempczinski said the company cannot ignore the needless human suffering unfolding in Ukraine.

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