Analysts have included Volkswagen in the list of companies at risk in the escalation of the conflict in Ukraine
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A possible escalation of the conflict on the border with Ukraine could hit the economy and companies around the world, surprise a number of investors and lead to stagflation in Europe. Companies and banks that may suffer from Russia’s “invasion” of Ukraine have been named by analysts of the French asset management company Amundi, Bloomberg writes.
German and Eastern European companies and banks associated with Russia, as well as firms whose significant share of sales falls on the Russian market, may be at risk. The “invasion” will have the strongest impact on Eastern Europe, analysts say. “Some companies in the region have business contacts with Ukraine and shares in Ukraine, especially in the agricultural sector,” the experts said.
It is emphasized that Russia is the main supplier of energy resources to Europe, so any interruptions in gas supplies will be a special problem for companies dependent on Russian fuel. Among them, Amundi analysts named Volkswagen, Siemens and the chemical concern BASF. Goldman Sachs Group experts also included Pirelli, a tire manufacturer, in the list of risky companies.
JPMorgan Chase Analysts & The list of companies at risk of suffering from the escalation of the conflict in Ukraine included the German packaging manufacturer Verallia Deutschland, London-based Eurasia Mining, which produces platinum in the Urals and the Kola Peninsula, and the Austrian oilfield services company Petro Welt Technologies. In Asia, Singapore’s Food Empire Holdings, Japan Petroleum Exploration and coffee producer CCL Products India may be vulnerable. Morgan Stanley analysts also called the Swiss beverage manufacturer Coca-Cola HBC vulnerable.
Earlier, Western analysts assessed the possibility of a Russian offensive in Ukraine. As reported in The Guardian, military experts concluded that Russia currently has no opportunities to attack Kiev and seize the territory of Ukraine.
