MAPLEWOOD, Minn. – 3M is joining the growing list of multinational companies that have suspended business operations in Russia following its invasion of Ukraine. The Maplewood-based company has a corporate office in Moscow and two production plants in Russia. 3M’s announcement comes as companies across a variety of industries have suspended some or all of their Russian operations in recent…
MOORHEAD, Minn. (KVRR) – Dean of Concordia’s German Language Village Dr. Dan Hamilton believes Russian President Vladimir Putin wants to build a new Russian Empire that could include Belarus. He adds Putin has never reconciled the end of The Cold War and Soviet Union and the borders that existed at that time. Hamilton says this does not make for a…
FARGO-MOORHEAD (KVRR)- Prices at the pump continue to spike and there are no signs of them dropping anytime soon. “We get very little of our fossil fuels from Russia so in terms of a national supply of fossil fuels this is going to have a minimal impact and so doing a minimal impact on Russia as well,” said Dr. David…
DETROIT – McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine. The company said it will continue paying its 62,000 employees in Russia. In an open letter to employees, McDonald’s President and CEO Chris Kempckinski said closing those stores is the right thing to do because McDonald’s…
WASHINGTON – President Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter. The move follows pleas by Ukrainian President Volodmyr Zelenskyy to U.S. and Western officials to cut off the imports. Energy exports have kept a steady influx of cash flowing…
FARGO, N.D. (KVRR) – The North Dakota State Investment Board has unanimously voted to jettison state investments with ties to Russia. State Investment Officer Scott Anderson told the board that as of Thursday March 3, North Dakota had approximately $10 million in investments with “Russian entity exposure.” Anderson said that figure had already been reduced by approximately $5.9 million since…
HONG KONG (KVRR) – A former University of North Dakota professor who is considered one of the world’s leading war crimes authorities says it won’t be a “slam-dunk” if a decision is made to prosecute Russian President Vladimir Putin. Professor Gregory Gordon helped prosecute Nazi war criminals and has lectured the United Nations about war crimes and genocide. Gordon was…
BISMARCK, N.D. (KVRR) – Gov. Doug Burgum’s office has released a tally of state investments with ties to Russia. The State Investment Board will hold a special meeting Thursday to discuss the matter. “We must do our part to limit the financial resources at Russia’s disposal to discourage these unprovoked and heinous acts of aggression” Burgum said. The governor’s office…
FARGO, N.D. (KVRR) – Gas is up about 70 cents from this time last year according to AAA. People who monitor gas trends say prices will keep climbing due to demand. People are concerned about this spike in gas prices. It’s affecting their travel plans and budgets. Some are worried what they may have to sacrifice to afford to drive….
BISMARCK, N.D. (KVRR) – The North Dakota State Investment Board will hold a special meeting Thursday to discuss the state’s Legacy Fund investments in Russia. Gov. Doug Burgum says that while North Dakota owns bonds originally issued by the Russian Federation, the state purchased those bonds from a third party on the secondary market, so the proceeds of the sale…
