Russia’s energy industry will be denied detonators from the U.S. used for oil and gas drilling as the Obama administration expands its response to the annexation of Crimea by suspending sales of goods with military uses.
Companies with investments in Russia -- such as General Electric Co. and Boeing Co. -- are growing concerned as the U.S. prepares to impose tougher sanctions over the crisis in Crimea that may spur retribution against corporate interests.
U.S. companies with operations in Russia should prepare for growing tensions by reviewing evacuation plans, tightening cybersecurity and being alert for a spike in anti-American sentiment, according to corporate- security analysts.
As President Barack Obama renewed his criticism of tax laws that “reward companies that keep profits abroad,” the government he leads is taking a more subtle approach -- one that’s helping some of those companies.
One of the biggest challenges to President Barack Obama’s trade agenda is a senior House Democrat from Michigan with some of the Capitol’s closest ties to organized labor and his home state’s auto industry.