Business | Value-chain reaction

Russia’s war is creating corporate winners and losers

As well as enormous volatility

|NEW YORK

MOST MULTINATIONAL companies can live without Russian customers. Living without Russian commodities would be much harder. On March 15th the European Commission announced new economic constraints on Russia, including a ban on exports of European luxury items and cars—the definition of an essential good is, after all, in the eye of the oligarch. But the announcement also included a ban on steel products from Russia. More such restrictions on Russian exports may come.

This article appeared in the Business section of the print edition under the headline “Value-chain reaction”

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