{"id":7412,"date":"2022-03-08T13:00:04","date_gmt":"2022-03-08T13:00:04","guid":{"rendered":"http:\/\/lonecandle.com\/?p=7412"},"modified":"2022-03-08T13:00:04","modified_gmt":"2022-03-08T13:00:04","slug":"russia-is-getting-canceled","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=7412","title":{"rendered":"Russia Is Getting Canceled"},"content":{"rendered":"\n

\n\n“Russia is getting deplatformed from the world. <\/strong>The war in Ukraine is in many ways a traditional military clash involving tanks, missiles, diplomats, and supply lines. But nonstate actors have started taking sides\u2014well, taking one side\u2014in ways that the world hasn’t seen before, with private sector businesses and international organizations responding to Russia’s attack on its neighbor by cutting ties with Moscow, and in some cases sacrificing huge sums of money. Combined with the sanctions imposed by the United States and Europe (and perhaps motivated by them too), this mass exodus of foreign capital is demonstrating how the market can punish even powerful states for dangerous and unjustified behavior.<\/p>\n\n\n\n

Shell, General Motors, BP, and other major firms have announced<\/a>plans to leave Russia. FedEx and Germany-based shipping firm DHL are suspending<\/a> deliveries to Russia, and Denmark-based Maersk, the world’s largest container shipping company, says it is considering<\/a> suspending all shipments to Russia.<\/p>\n\n\n\n

“Companies are basically saying, ‘We don’t want to be part of this,'” Nick Tsafos, an expert on energy and geopolitics at the Center for Strategic and International Studies, tells<\/a> The Washington Post. <\/em>The Post <\/em>notes that some of these moves are being made despite huge costs: Shell is abandoning several joint projects with Russia-based Gazprom, sacrificing more than $3 billion.<\/p>\n\n\n\n

When the Cold War ended, Bloomberg <\/em>reports<\/a>, businesses poured into Russia to take advantage of a freshly open market with millions of new customers and the country’s vast natural resources. The past few days have been a stunning reversal of that same rush, with energy companies, major international law firms, and exporters either announcing plans to scale down their operations in Russia or exit the country entirely”<\/p>\n\n\n\n

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Russia Is Getting Canceled<\/a><\/blockquote>