In addition, Russia relies on crude oil exports to fund its government and economy. In 2012, Russia exported 7.2 million barrels of oil per day!
Because of the economic impact from these events, Calcbench searched for US firms that had Russian exposure through sales to Russian customers. It’s not a stretch to see that US firms that have exposure to Russia will be monitoring events in Russia more closely than ever. Below, you will find a chart with firms that explicitly reported Russian revenue.
These firms were the low hanging fruit (those that we were able to come up with quickly), because eXtensible Business Reporting Language (XBRL), upon which our data is structured, allows firms to tag business or geographic segments explicitly. While Calcbench makes every effort to capture and report segment information, we cannot do so if the firm does not tag the item.
Ariel Markelevich, Ph.D., CMA is chief product development officer at Calcbench.