How companies with Iowa, Russia ties are reacting to Ukraine invasion

According to researchers at the Yale Chief Executives Leadership Institute, more than 350 major U.S. companies have divested, closed or suspended Russian operations since the Ukraine invasion. The group has identified 43 continuing to do business there; others are scaling back or delaying activity.

Here are actions companies with major operations in Iowa have taken.

Analysis:Why some Iowa companies are leaving Russia, why some are staying

Known as the world’s largest seller of gunsmithing tools and accessories, the Grinnell-based wholesale and retail seller of firearms previously operated a Russian-language website aimed at the Russian market.

The site, Brownells-Russia.com, operated until at least late 2019, according to the Internet Archive. 

Officials said the company no longer sells into the Russian market.

“We do not do business there,” said spokesman Ryan Repp.

Workers fulfill online and mail orders in a 200,000-square-foot warehouse at Brownells in Grinnel.

The company’s ambitions for expanding business in Russia featured heavily in a 2019 congressional investigation into the connections between the National Rifle Association and Russian agent Maria Butina, who accompanied company CEO Pete Brownell on a 2015 NRA trip to Moscow. Butina, who pleaded guilty in 2018 to failing to register as a Russian agent, was deported from the U.S. the following year.


https://www.desmoinesregister.com/story/money/business/2022/03/28/russia-iowa-companies-react-ukraine-war-invasion-deere-principal/7170688001/

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