President Vladimir Putin may be trying to restore confidence (paywall) in the Russian economy, but it’s a very hard sale. Russian citizens are panic-buying more luxury goods and more stuff in general in the face of an unstable ruble. Likewise, companies both foreign and domestic are struggling with what to do as the economic ground shifts beneath their feet.
Here’s a brief selection of big companies with exposure to Russia, and how they’re handling the currency crisis:
Companies raising prices
Cartier (RBC-link in Russian)
Companies stopping sales temporarily
General Motors, Jaguar-Land Rover, Audi (Deutsche Welle)