Russia's war in Ukraine is bad for US businesses, EU Commissioner says

Russia's war in Ukraine is bad for US businesses, which have heavily invested in Europe and whose profits are affected by the uncertainty that Moscow's aggression creates, European Economic Commissioner Valdis Dombrovskis said on Tuesday. Speaking at the American Enterprise Institute in Washington, Dombrovskis said that in 2023 US-owned assets in Europe were worth an estimated $19.2 trillion, or roughly 64 percent of all US corporate foreign assets globally. Sales by the European affiliates of US companies were $3.9 trillion. "For US corporate interests, Europe – as a market, a host of assets, and a crucial link in integrated supply chains – is simply too big to ignore," Dombrovskis said in a speech. The European Union sees Russia's full-scale invasion...