FACTBOX: Russia sanctions hit EU firms

Across Europe, companies of all shapes and sizes are counting the cost of sanctions imposed on Russia, we take a look at some firms that have been affected. No reporter narration.

Published

almost 3 years ago

Categories

Finance, World

Topics

Finance, Europe, International Relations

People

Kasper Rorsted, Stephen Odell

Places

Ukraine, Russia, Germany

Companies

Oao "Gazprombank", Ford Europe, Royal Bank of Scotland, Lukoil, Adidas

Transcript

FACTBOX: NO REPORTER NARRATION European firms count Russia sanctions costs Ford hurt by Russia, but committed to business there SOUNDBITE: Stephen Odell, CEO, Ford Europe, saying (English): "It was clear a number of months ago actually, before the early level of sanctions started, that the Russian economy and the Russian market was probably not at the level that people had projected." Germany's E.ON H1 profit fell 12% on Russian business Adidas slashes its 2014 profit outlook and scraps its 2015 target partly due to a weak Russian market Henkel sees tough 6 months ahead due to Russia SOUNDBITE: Kasper Rorsted, CEO, Henkel, saying (English): "Despite a strong Russia in the first six months, we expect Russia to slow down in the second half and Ukraine has been severely impacted." Royal Bank of Scotland places lending restrictions in Russia following Ukraine crisis Russia's Lukoil says sanctions will force it to cut investments due to limited access to funds Sanctions weigh on Russian banks Gazprombank and Rosselkhozbank ask for state help ///