Koch Industries refuses to break ties with Russia despite Corporate America's mass exodus
Source: Salon
Koch Industries, the Wichita-based petroleum company run by right-wing billionaire Charles Koch, has kept its Russia-based operations going despite Corporate America's mass exodus from the country amid Russia's devastating invasion of Ukraine.
According to Popular Information, the conglomerate owns a number of Russia-based subsidiaries. Notable among them is Guardian Industries, an Auburn Hills, Michigan-based manufacturer of industrial glass and other products. The subsidiary reportedly runs two Russia-based facilities in Ryazan and Rostov.
Earlier this month, Guardian suggested that operations could not come to a halt despite the Russia incursion.
"Guardian Industries continues to closely monitor the tumultuous events in Eastern Europe, supporting our employees who are affected," a company spokesperson told USGlass Magazine. "The health and safety of our employees and all personnel working at our facilities is our first priority."
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https://www.msn.com/en-us/news/world/koch-industries-refuses-to-break-ties-with-russia-despite-corporate-americas-mass-exodus/ar-AAV5ZxZ?li=BBnbfcL
In order to benefit Russia and U.S. Oil interests, Republicans threaten to withhold military support to Saudi Arabia in order to raise gas prices. So, no wonder oil companies are continuing to back Russia and threaten U.S. national security and the U.S. economy so they can continue to gouge U.S. consumers.
https://www.politico.com/news/2020/04/02/trump-calls-on-russia-and-saudi-arabia-to-cut-oil-production-161368
Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources
In an April 2 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.
The threat to upend a 75-year strategic alliance, which has not been previously reported, was central to the U.S. pressure campaign that led to a landmark global deal to slash oil supply as demand collapsed in the coronavirus pandemic - scoring a diplomatic victory for the White House.
Trump delivered the message to the crown prince 10 days before the announcement of production cuts. The kingdom’s de facto leader was so taken aback by the threat that he ordered his aides out of the room so he could continue the discussion in private, according to a U.S. source who was briefed on the discussion by senior administration officials.
The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus. It also reflected a telling reversal of Trump’s longstanding criticism of the oil cartel, which he has blasted for raising energy costs for Americans with supply cuts that usually lead to higher gasoline prices. Now, Trump was asking OPEC to slash output.