Breaking News Bar
updated: 3/14/2014 5:36 PM

Caterpillar weighs in on Ukraine standoff

hello
Success - Article sent! close
  • Ore is driven to a processing plant earlier this week in a Caterpillar Inc. mining truck after being excavated from an open pit at Katanga Mining Ltd.'s KOV copper and cobalt mine in Kolwezi, Katanga province, Democratic Republic of Congo.

      Ore is driven to a processing plant earlier this week in a Caterpillar Inc. mining truck after being excavated from an open pit at Katanga Mining Ltd.'s KOV copper and cobalt mine in Kolwezi, Katanga province, Democratic Republic of Congo.
    Bloomberg News

 
Bloomberg News

Caterpillar Inc., the largest maker of construction and mining equipment with more than 1,000 workers in Russia, called for a "multilateral and not unilateral" approach toward the country as the standoff over Ukraine escalates.

"History indicates that doing otherwise could be counterproductive to U.S. economic and foreign policy objectives," Rachel Potts, a spokeswoman for Peoria, Illinois- based Caterpillar, said Thursday in an e-mailed statement.

The U.S. and European Union are threatening sanctions against Russia if it doesn't back down from annexing Crimea, the disputed southern region of Ukraine which is due to hold a referendum on its future this weekend.

Caterpillar Chairman and Chief Executive Officer Doug Oberhelman attended the signing of legislation at the White House to establish permanent normal trade relations with Russia in December 2012. The company has two main bases in Russia, a manufacturing plant in Tosno near St. Petersburg and an office in Moscow.

"Caterpillar urges Congress and the administration to support efforts to help the people of Ukraine and strengthen the International Monetary Fund so it can be more helpful," Potts said in the statement.

Share

Interested in reusing this article?

Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.

The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.

Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Name * Company Telephone * E-mail *

Message (optional)

Success - Reprint request sent Click to close
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here