Shipping giant Maersk (MAERSKb.CO) will temporarily halt all container shipping to and from Russia, deepening the country’s isolation as its invasion of Ukraine sparks an exodus of Western companies. The West has imposed heavy restrictions on Russia to close off its economy and block it from the global financial system, effectively making it “uninvestable” and encouraging companies to halt sales, cut ties and dump tens of billions of dollars worth of investments. read more The curbs have closed airspace to Russian aircraft, shut out some Russian banks from the SWIFT global financial network, and restricted Moscow’s ability to use its $630 billion in foreign reserves. read more Energy firms BP and Shell have abandoned multi-billion-dollar positions, while leading banks, airlines, auto makers and more have cut shipments, ended partnerships and called Russia’s actions unacceptable. read more “I would expect to see a slew of similar […]