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Russo-Ukrainian War Could Have an Unexpected Impact on Businesses
By Fisher & Phillips LLP.
Wednesday, 9th March 2022
 

As the Russo-Ukrainian war continues with a rising death toll and international sanctions, citizens and businesses around the world are reeling at the impact of this devastating crisis.

An Employer’s Guide to a Growing International Crisis

For many workers and businesses both inside and outside the war zones, this may be their first time dealing with side effects of war. Businesses in the United States will soon feel the ripple effects if they haven’t already – in the form of expanded immigration options, possible workforce conflicts or disruption, and cyberthreats.

And if any of your workers have connections to Ukraine, you also have a responsibility to support them by demonstrating an element of compassion and offering crucial resources. What should American businesses know about the Russo-Ukrainian war and what specific steps should you consider?

The Great Migration from Both Ukraine and Russia

Although the Russo-Ukrainian war is a Europe-centric conflict, its refugee migration is a global crisis – and it could impact your workplace. Ongoing war, halted production, destroyed infrastructures, sanctions, and a tanking economy are leading one of the largest workforce displacements this generation has seen.

Since the invasion erupted several weeks ago, we’ve seen a mass Ukrainian refugee exodus into neighboring countries, while Russia saw a sharp drop in its economy due to sanctions with many citizens reportedly looking to the West for new job opportunities.

If You Have Operations in Ukraine or Russia

For businesses within the conflict zones, this may require temporary relocation of workers and operations to another country. If you have operations in either of these countries, we recommend you immediately coordinate with your International Law counsel to identify critical steps you should take.

Incorporating Migrants into Your Company Operations

Even if you don’t operate in these areas, you should still prepare for an influx of foreign applicants and the possible handling of workplace immigration issues. We expect to see an influx of refugees and asylees coming to the United States in the coming weeks and months, and many of these displaced workers will be seeking employment.

Read the full story here

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