List: Major Companies Halting Business In Russia

Russia’s invasion of Ukraine has drawn criticism from across the globe, both from governments and private companies.

While many world powers have leveled sanctions against Russia with massive economic consequences for the country, private businesses are also pulling out of Russian markets to signal their opposition to the war.

Here are some of the major companies that have announced they will stop operating in Russia.

Retail

Adidas has cut a partnership with the Russian Football Union.

Nike has suspended online sales to Russia, saying they cannot guarantee delivery to the increasingly isolated country.

Puma has also stopped delivering new supplies to Russian stores, although Reuters reports that 100 stores within the country remain open. 

H&M, the world’s second-largest clothing retailer in the world, said all sales in Russia would be temporarily suspended.

IKEA, will close all 17 of its Russian stores, and announced a $22 million investment to help those displaced by the invasion. So far, more than 1 million Ukrainians have been forced to flee their homes.

UPS and FedEx have paused delivery services to Russia and Ukraine because of the conflict between the two.

Finance

Visa and Mastercard have both blocked financial institutions in Russia from their networks after government sanctions dropped on Russian banks following the invasion.

Tech

Google announced it has suspended all advertising in Russia.

Apple has stopped selling iPhones and other devices inside Russia and has blocked RT News and Sputnik News downloads from its App Store outside Russia.

Computer maker Dell Technologies suspended sales in Russia.

Microsoft announced Friday it is suspending “new sales” in Russia of its products and services.

Facebook has restricted access to RT and Sputnik across the EU and are demoting content “from Facebook Pages and Instagram accounts from Russian state-controlled media outlets and making them harder to find across our platforms.”

TikTok, in line with Facebook, also banned Russia-backed news outlets RT and Sputnik across the EU.

Spotify has closed its office in Russia “indefinitely” and removed all RT and Sputnik content in the EU “and other markets.”

Snap, the parent company of Snapchat, said in a blog post that it has stopped all ads running in Russia, Belarus and Ukraine. It also is stopping ad sales to all entities from Russia and Belarus and making a $15 million pledge in humanitarian aid.

YouTube has blocked channels operated by Russia Today and Sputnik across Europe, according to Forbes.

 

Film & Media 

Disney, Warner Bros, Universal, Paramount Pictures and Sony have all suspended the release of new films in Russia.

According to multiple reports, Netflix has paused production and acquisitions of four Russian projects. The company said on March 6 that it cut its service to Russia, but provided no details.

Sony Music Group, Warner Music Group, and Universal Music Group have all suspended business activity in Russia, according to each group’s respective press release.

Energy

ShellBP and ExxonMobil have all announced plans to divest their interests from Russian energy in response to the invasion of Ukraine.

Combined, the three energy giants have more than $20 billion invested in Russian markets, according to The Conversation.

Vehicles and planes

Mercedes-Benz suspended vehicle exports to Russia and manufacturing there.

Volkswagen Group, which also owns Porsche and Audi, also suspended vehicle exports and manufacturing in Russia.

General Motors and Sweden’s Volvo Cars have suspended vehicle exports to Russia until further notice.

Japan’s Mitsubishi said it may suspend production and the sale of its cars in Russia.

Harley-Davidson halted motorcycle shipments to Russia and suspended business in the country.

Ford suspended operations in Russia until further notice.

Toyota is halting production at its St. Petersburg plant that makes RAV4 and Camry models because of supply chain disruptions, saying it was watching events “with great concern for the safety of the people of Ukraine.”

British luxury carmakers Jaguar Land Rover and Aston Martin have paused vehicle shipments to Russia.

Germany’s BMW has reportedly halted the export of cars to Russia and said it would stop production there.

Japan’s Mazda will suspend exports of auto parts to its Russian plant, Nikkei reported on Tuesday, while also reporting Honda has suspended automobile and motorcycle exports to Russia.

Airplane makers Boeing and Airbus stopped supplying parts and service support for Russian carriers.

 

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