Why many businesses are getting tougher on Russia than sanctions require
CNN
Governments aren't alone in turning the screws on the Russian economy. Dozens of major multinational companies are doing the same.
A growing number of businesses are choosing to shut down their operations in Russia -- even if they aren't required to. Companies in multiple industries are bowing out of Russia, from Apple (AAPL) to Ikea to ExxonMobil (XOM), to General Motors (GM).
The companies say they are concerned about Russia's invasion of Ukraine, which has sparked widespread outrage across the United States and many European countries. Whether they're pulling out to comply with government sanctions isn't always clear. What is certain is that there are plenty of business reasons to shy away from Russia.
New York Governor Kathy Hochul announced Wednesday she is indefinitely delaying the implementation of congestion pricing in New York City’s borough of Manhattan just weeks before the plan was set to take effect, dealing a major blow to transportation advocates who have spent decades pushing for the deal and a win for several opponents of the plan who say the toll is a regressive tax on commuters.