date:Mar 07, 2014
An outright military clash between the U.S. and Russia may be off the table for now, but the risk of economic sanctions and even asset seizures poses a threat to major consumer companies from Ford to PepsiCo.
Adidas AG CEO Herbert Hainer said Wednesday the German sportswear company cannot ignore the significant weakness of the Russian ruble since the beginning of the year as well as the current uncertainty in the region, both of which have had a considerable risk to our results. While the compa