Due to the ban on remittances overseas by Russia, which is subject to strict economic sanctions, the management of companies that were doing business with investment from Russia has become stalled in the United States, and domestic economic activities are also affected.
An affiliate of a Russian company, the American emerging courier service, "Motorcycle," has been operating in New York and Chicago for the sale of delivering goods within 15 minutes of ordering online.
However, Russia, which was subject to severe economic sanctions from the United States and other countries due to the military invasion of Ukraine, banned remittances overseas in an attempt to curb the depreciation of the currency ruble, making it impossible to receive the funds necessary for the business.
As a result, management got stuck and on the 17th, I applied for the application of the Federal Bankruptcy Law, which is the Civil Rehabilitation Law of Japan.
The company is currently looking for a place to sell its business.
"Motorcycle" CEO James Walker told NHK, "Russia's restrictions on remittances have made it difficult for Russia to continue its business as a countermeasure against Western economic sanctions. The military invasion will continue to affect businesses around the world. Will have an effect. "
As it becomes difficult to exchange products and funds with Russia, many companies in the United States are reviewing their business in Russia, but this is also affecting domestic economic activities.