S&P Global to Suspend Commercial Operations in Russia

Rhea-AI Summary

S&P Global has announced the suspension of its commercial operations in Russia due to the ongoing invasion of Ukraine. The company, a key provider of independent news, research, and analytics, will continue to deliver critical information on Russian markets to help clients make informed decisions. S&P Global emphasizes its commitment to supporting its employees during this transition, asserting that their wellbeing is a primary concern. The company remains focused on providing essential intelligence to assist organizations in navigating global market challenges.

Positive

• Continued provision of critical information on Russian markets for customer decision-making.
• Commitment to employee wellbeing and support during operational suspension.

Negative

• Suspension of commercial operations in Russia may impact revenue streams from the region.

NEW YORK, March 9, 2022 /PRNewswire/ -- In light of Russia's ongoing invasion of Ukraine, S&P Global has decided to suspend commercial operations in Russia. As a provider of independent news, research, benchmarks, and analytics, S&P Global will continue to play our essential role in global markets by providing critical information on Russian markets for our customers to make important decisions. As a purpose-led organization we believe in doing the right thing. As we take these steps our primary concern is the wellbeing of our people and we will continue to provide them with the necessary support.

About S&P Global

S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.

We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today.

 

View original content:https://www.prnewswire.com/news-releases/sp-global-to-suspend-commercial-operations-in-russia-301499002.html

SOURCE S&P Global

FAQ

What action has S&P Global taken regarding its operations in Russia?

S&P Global has suspended its commercial operations in Russia due to the invasion of Ukraine.

How will S&P Global support its employees during the suspension of operations in Russia?

S&P Global has stated that the wellbeing of its employees is a primary concern and will continue to provide necessary support.

What is S&P Global's role following the suspension of operations in Russia?

S&P Global will continue to provide critical information on Russian markets to assist customers in their decision-making processes.

When did S&P Global announce the suspension of its operations in Russia?

S&P Global announced the suspension of its operations in Russia on March 9, 2022.

What is the stock symbol for S&P Global?

The stock symbol for S&P Global is SPGI.