The Globe and Mail reports in its Tuesday, Feb. 25, edition that the Trump administration is signalling to corporate America that Russia might be open for business again. A New York Times dispatch to The Globe reports that President Donald Trump is urging Ukraine to agree to a deal to end the war, while Secretary of State Marco Rubio indicated to a Moscow delegation that the U.S. and Russia could explore "historic economic partnerships" if the conflict ends. However, analysts and investors generally believe American businesses are unlikely to be interested. High Frequency Economics economist Carl Weinberg says, "I don't think America's big businesses are going to rush back into Russia fast, if at all, and surely not soon." Since Russia's unprovoked invasion of Ukraine, more than 1,000 corporations have left or curtailed operations. The Russia that they left, however, is not the Russia they would be returning to. Russia has an unpredictable business environment where the rule of law can easily shapeshift into the ruler's law. U.S. oil companies that once had operations in Russia, like Exxon Mobil, do not appear eager to make big investments there. Russia could allow Boeing to resume the purchase of titanium if it was ready to return.
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