DD Support Board and Research Team

[jbsliverer]

I understand the problems with what investments some of these companies have. We're so world economically entwined and too many deals with the devil have been made. Payment has to made now though, and things must change.

But I can respect big business in this respect for the intensity of the issues involved for them. The losses to this WAR will effect everyone for a very long time. An expense the world MUST endure.

A short time ago I invested in DE and CAT. To disconnect from Russia it's quite a deal. A short bit on Cummings, Deere, and Caterpillar and Russia;

https://www.reuters.com/business/cummins-says-expects-some-impact-russia-deere-says-abide-by-sanctions-2022-02-28/
Cummins says expects 'some impact' in Russia; Deere says to abide by sanctions
By Bianca Flowers

2 minute read
The Deere & Co farm equipment plant in Ankeny, Iowa
The Deere & Co farm equipment plant in Ankeny, Iowa, U.S. October 20, 2021. REUTERS/Scott Morgan

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Feb 28 (Reuters) - Cummins Inc. (CMI.N) expects "some impact" to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an e-mailed statement on Monday.

Many firms have idled operations in Russia after it invaded Ukraine last week, resulting in powerful Western sanctions.

Cummins has an office in Moscow. In 2006, Cummins entered an agreement with Russian truck maker Kamaz Inc. to produce engines for the company's fleet of trucks, buses and other heavy machinery.

Cummins did not respond to a request for comment on its relationship with Kamaz, which is 47% owned by Russian state conglomerate Rostec and supplies parts to Russian military vehicles.

Shares of Cummins were down 0.6% in late afternoon trading, in line with Wall Street's main indexes as investors digested the sanctions against Russia. read more

Russia's invasion of Ukraine was the biggest attack on a European state since World War Two. Russia calls its actions in Ukraine a "special operation."

Other U.S. manufacturers including Deere & Co (DE.N) and Caterpillar (CAT.N) have distribution and manufacturing facilities in Russia. Deere, the world's largest farm equipment maker, opened a manufacturing and parts distribution plant near Moscow in 2010. It was the company's largest single investment in more than 100 years of doing business in Russia.

Deere didn't specify how its business will be impacted, but said in an emailed statement it will "fully abide by U.S. and international sanctions."

Caterpillar did not respond to a request for comment.