The war in Ukraine hits Wall Street as a new earnings season begins and more companies write off their investments in Russia. This should raise a question for CEOs and shareholders: What about China?
Financial losses from sanctions and broader public pressure to leave Russia are mounting. JPMorgan, Goldman Sachs and Citigroup together have $3.36 billion, according to a Reuters tally.
https://www.wsj.com/articles/a-china-warning-in-earnings-season-writedowns-investments-russia-business-ukraine-11650057046 A China warning from Russia in earnings season