Max Fisher

@Max_Fisher ↗

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Last Checked March 9, 2023

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Fri May 20 21:33:17 +0000 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

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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

Amid Putin's build-up to war with Ukraine, in late 2021, production soared at Arconic's plant. An internal presentation boasted that aerospace forgings at the plant had nearly doubled – a factory record. Still, Arconic stayed. — PolitiTweet.org

Posted May 20, 2022