Max Fisher

@Max_Fisher ↗

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Last Checked March 7, 2023

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Fri May 20 21:30:21 +0000 2022

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Max Fisher @Max_Fisher

The overwhelming majority of Arconic's profits in Russia come from non-military production, which last year alone brought the company $1 billion in sale. Its military sales aren't really a profit-center – but they are Moscow's price of admission. — PolitiTweet.org

Posted May 20, 2022

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Max Fisher @Max_Fisher

The trouble began soon after Russia's 2014 annexation of Crimea. Sanctions constrained companies' ability to operate. Moscow began coercing foreign companies into selling off factories with strategic value. But Alcoa (later Arconic) held on. — PolitiTweet.org

Posted May 20, 2022

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Max Fisher @Max_Fisher

In 2020, Moscow froze Arconic's ability to access its profits from Russia. Zeroed them out. This was likely intended to coerce the company into selling the plant to a Kremlin-linked oligarch, industry analysts told me. Still, Arconic held on. — PolitiTweet.org

Posted May 20, 2022