BP quits Russia in up to $25B hit after Ukraine invasion
One item forgotten in this conversation:<p>Companies tend to write off their problem accounts (impaired assets) using external events as an excuse ("everyone is doing it mentality")<p>Im not suggesting they had 25B in nonperforming assets, but sometimes this is a strong motivator to do spring cleaning - and quietly make problems go away, such as bad M&A deals, etc.