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The SEC asks companies about Russia exposure



(Reuters) – The US Securities and Exchange Commission on Tuesday told companies that they may need to reveal the impact of Russia’s invasion of Ukraine on their operations, such as operations or staff bases in both countries, or if their assets are nationalized.

In guidance published on its website, the SEC said that its corporate finance division believes that companies may also need to expose their exposure to the conflict through securities traded in Russia or from sanctions against individuals or entities.

Since the invasion, “many companies have experienced increased cybersecurity risks, increased or ongoing challenges in the supply chain, and volatility related to commodity commodity prices,”

; the SEC wrote.

Nearly 1,000 Western companies have closed or downsized in Russia since the invasion began in February, according to a Yale University report. Many have begun to report associated losses.

However, the degree of withdrawal varies, giving potential exposure that may be of interest to investors. On the Yale list as of Tuesday afternoon, 144 companies were just waiting for new investment or development, for example, and another 125 reduced some operations but continued with others.

SEC representatives did not immediately respond to a request for further comment.

In the authority’s communication, it gave a selection of questions it may have for companies that are linked to the situation. These included asking them to describe the effects “resulting from the reaction of your investors, employees, customers and / or other stakeholders to any action or inaction arising from or related to the invasion, including the payment of taxes to the Russian Federation; and which may result if Russia or another government nationalizes your assets or operations in Russia, Belarus or Ukraine. “


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