Business

A Chinese warning from Russia during earnings season


The war on Ukraine is coming to Wall Street as a new earnings season begins and more companies write down their investments in Russia. Which should prompt a question for CEOs and shareholders: What about China?

Financial losses due to sanctions and wider public pressure to leave Russia are increasing. JPMorgan, Goldman Sachs and Citigroup combined have set aside $3.36 billion as reserves against credit losses, according to a Reuters tally, much of it tied to concerns over Russia.


Wj

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