Marina Albo of the Corporate Finance team explains that most companies’ direct exposure to Russia is low outside the energy sector, but indirect exposure – through energy and commodity costs and access – is widespread. Then Paolo Leschiutta outlines why operating profit growth is slowing for consumer products companies. Related content on Moodys.com (some content only available to registered users or subscribers): Automotive – Global: Lowering global vehicle sales forecast on supply chain problems, Ukraine invasionAerospace/Defense – Cross Region: Russia-Ukraine will lift defense spending but worsen cost and supply chain risksOil & Gas – North America: Energy sector stands strong amid high volatility from Russian invasion of UkraineOil & Gas – Europe: Companies choose varying paths to disengage from Russia, creating varying risksConsumer Products – Global: Outlook turns stable as economy slows, uncertainty rises Corporates – Global: Companies have limited direct exposure to Russia, indirect exposure is more significant

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