Foreign Firms Abandon Russia Amid Ukraine Invasion

The video discusses the withdrawal of firms from Russia, reversing decades of investment since the Soviet Union's collapse. It highlights the impact on various industries, including automotive and shipping, and the challenges faced by the oil and gas sector. The banking sector is also affected, with uncertainties about operations in Russia due to potential sanctions and the disconnection of Russian banks from the SWIFT system.

How have banks responded to the situation in Russia?

What impact do sanctions have on business operations in Russia according to the text?