US Businesses Awaiting Lift of Ban on New Investment in Russia, AmCham Head Says
Robert Agee, head of the American Chamber of Commerce, said US firms are losing profits, market share and brand value due to the investment restrictions, according to TASS.
US companies are waiting for restrictions on new investment in Russia to be lifted, according to Robert Agee, head of the American Chamber of Commerce (AmCham), as reported by Russian state news agency TASS.
Agee said the inability of American firms to invest in Russia is causing them to lose not only profits and market share but also to see a decline in the value of their brands, TASS reported.
The report did not provide further details on the specific investment ban referenced by Agee or a timeline for when such restrictions might be reconsidered.
TASS did not specify additional context regarding the broader economic or political circumstances surrounding the statement.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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