Russia invades Ukraine: Significant impact on U.S. businesses expected
Editor's note: The following roundup of coverage will be updated as more information becomes available.
Russia attacked Ukraine from multiple fronts early Thursday, sending in troops, tanks, military aircraft, missiles and cyberattacks. U.S. and European governments responded by vowing to strengthen sanctions imposed early in the week as Russia prepared to invade.
The following are stories from various Endeavor Business Media (owner of SecurityInfoWatch) publications, discussing aspects of the invasion and how they could impact businesses in the U.S.
Security Challenges
SecurityInfoWatch looks into how companies can get employees out of troubled regions and what steps businesses should take to prepare for geopolitical strife.
Cyberattacks
In recent conflicts, Russia has stepped up its use of cyberattacks on other countries, raising the possibility of non-military attacks on Ukraine and its allies—including U.S.-based companies. Endeavor’s Military+Aerospace Electronics’ editors discuss:
- The potential for a fully realized cyberwar with Russia bringing its attacks on electronic infrastructure to a larger scale than ever before.
- The likely avenues of cyberwarfare that Russia is expected to use in its invasion of Ukraine.
At Plastics Machinery Manufacturing, business experts discuss how companies can defend themselves against cyberattacks if Russia begins using that tool to attack targets outside of Ukraine.
Tech Export Ban
The U.S. Commerce Department banned exports of high-tech products to Russia in response to the invasion, a step intended to harm Russia's ability to produce tanks, airplanes and other military equipment, reports Lightwave. Five European countries are expected to roll out similar bans.
Energy Pricing
Russia supplies massive quantities of oil and natural gas to Europe, so between sanctions from Western nations and uncertainty over the impact of the invasion is driving energy prices significantly higher, reports the Oil & Gas Journal.
Sanctions
Germany on Tuesday halted certification of an $11 billion pipeline that was supposed to begin transporting natural gas from Russia to Germany later this year, a controversial project that would have allowed Russia to bypass Ukraine and other Eastern European countries. Oil & Gas Journal editors look into that economic sanction.
Supply Chain
IndustryWeek discusses the possible ramifications of Russia’s actions on the global supply chain.
Trucking Industry Faces Higher Costs
Russia's Invasion of Ukraine will likely exacerbate inflation, fuel costs and supply chain challenges already being faced by shipping and logistics companies. FleetOwner writers look into what's already happened and what could be coming next.
Selling Off Russian Investments
BP announced plans to sell off its main Russian holding as international sanctions are making it increasingly difficult to do business with the country, following its invasion of Ukraine, reports Oil & Gas Journal.
Changing Strategies
Plastics Machinery & Manufacturing spoke to executives at FlexBow, a Lithuanian company that makes blow-molding equipment. As a company near the conflict zone, it is reconsidering customer and supplier relationships.
