CONFLICTS

Oil and gas industry insiders say soaring energy prices exacerbated by Russia's attack on Ukraine should serve as a "wake-up call" to U.S. policymakers.

Procter & Gamble Co. is ending all new capital investments in Russia and "significantly reducing" its portfolio to focus on basic hygiene, health, and personal care items, CEO Jon Moeller said in a letter to employees posted on its website on Monday.

The war in Ukraine has had broad consequences for international transport and global supply chains. Dozens of cargo ships are stranded at the Ukrainian port of Mykolaiv, shipping trackers said. An estimated 3,500 sailors have been stuck on some 200 ships at Ukrainian ports.

The corporate exodus from Russia continued Tuesday as McDonald's, Coca-Cola, Starbucks, and Pepsi announced that they are temporarily suspending business in Russia over Putin's invasion of Ukraine.

Starbucks and Coca-Cola have announced the companies are suspending operations in Russia, while Amazon Web Services said it would not be signing new clients either in Russia or Belarus.

Sen. Boozman asks U.S. Secretary of Agriculture to delay the Conservation Reserve Program sign-up deadline for farmers, in an effort to "ensure food security" following invasion of Ukraine

Coinbase chief legal officer Paul Grewal said in a blog post Monday that while most of the accounts were identified prior to Russia's invasion of Ukraine, their addresses have been shared with the government to further support sanctions enforcement.

Musk and Andreessen's criticism comes as investors have started mulling whether ESG rules should be updated to allow for investment in defense companies amid Russia's invasion of Ukraine.

Russia and Ukraine combined represented approximately 2% of McDonald's system-wide sales, roughly 9% of its revenue and less than 3% of its operating income in 2021.

Exporting more U.S. gas into Europe can "reduce that dependence" on Russian energy, a trade association CEO said.

While many countries in Europe were hoping for tourists to return after two years of the pandemic, Russia's invasion of Ukraine may hurt the recovery.

The market volatility and potential disruptions in exports in supply of commodities such as wheat and corn are adding more strain to farmers who are bearing costs from ongoing supply chain snarls.

Many Russian restaurants in New York City have been struggling ever since Russia invaded Ukraine.

Energy industry representatives said the reason so many drilling permits sit unused is more complicated than White House Press Secretary Jen Psaki suggested.

Talks of a natural gas pipeline from Israel to Europe could be rekindled to provide the continent with an alternative to Russian gas amid Putin's invasion of Ukraine, Chevron CEO Michael Wirth said at the CERAWeek conference in Houston on Monday.

The World Bank is sending a financing package to Ukraine as the country fights back against an invasion from neighboring Russia

The New York State Comptroller's office helps guide a $280 billion fund that has an estimated $110.8 million in public equity investments, including direct holdings and co-mingled funds in Russian companies.

A new national poll indicates that most Americans back the banning of Russian oil imports even if domestic gas prices jump higher

Hackers reportedly infiltrated computers belonging to current and former employees at nearly two dozen major natural gas suppliers, including U.S.-based Chevron and Cheniere Energy, in the two weeks before Russia invaded Ukraine.

Anastasiia Prychyna, who runs transportation and logistics firm Agrotep LTD in Ukraine, said her employees and others in the industry are heroes.