 The PIMCO Emerging Markets Bond Fund also had 21% of its holdings in Russian corporate and sovereign debt as of the end of September 2014, which has declined about 7.9% from about 16 November 2014 to 16 December 2014.Companies from North America and Europe that heavily relied on Russian economy have been affected by the crisis.American car company Ford Motor Company experienced a 40% decline in car sales in January–November 2014, according to Association of European Businesses, and terminated "about 950 jobs at its Russia joint in April [2014]."