Companies cut ties with Russia over war in Ukraine

Many private companies have announced that they are suspending or ending their operations in Russia due to the country’s invasion of Ukraine.

WASHINGTON — Russia’s invasion of Ukraine has drawn criticism from around the world, from governments and private companies alike.

As many world powers have imposed sanctions on Russia with massive economic consequences for the country, private companies are also pulling out of Russian markets to signal their opposition to the war.

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

Retail

Adidas broke up a partnership with the Russian Football Union.

Nike suspended online sales to Russiaclaiming not to be able to guarantee delivery in this increasingly isolated country.

Shoe Store Rival Puma also stopped delivering new supplies to Russian stores, although Reuters reports that 100 stores in the country remain open.

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

“The H&M Group cares about all its colleagues and joins all those around the world who call for peace”, the Swedish company said in a statement. “Clothing and other essentials are donated by the company.”

Another famous Swedish company, Ikea, will close its 17 Russian stores, and announced a $22 million investment to help those displaced by the invasion. So far, more than a million Ukrainians have been forced to flee their homes.

In a press releaseIKEA said its MEGA-branded malls will remain open “to ensure that the many people in Russia have access to their daily and essential needs such as food, groceries and pharmacies.”

Shipping companies UPS and fedex have suspended delivery services to Russia and Ukraine due to the dispute between the two.

Airbnb also ceased operations in Russia and Belarus. The society announced that its non-profit arm would provide free shelter to 100,000 Ukrainian migrants fleeing the invasion.

Along with the company’s official action, US citizens have started renting Airbnb listings in Ukraine with no intention of staying there in order to directly support Ukrainians.

RELATED: Airbnbs in Ukraine set aside to provide quick cash to residents

Finance

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

CNBC reports that the pair announced that they would block “several financial institutions” but did not name any specific banks or individuals involved.

The pair have pledged $2 million each for humanitarian efforts in Ukraine, which analysts say could face a crisis as food and water become scarce due to Russian attacks on critical infrastructure.

Technology

google announcement he suspended all advertising in Russia, citing “the extraordinary circumstances”.

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

computer manufacturer Dell Technologies suspended sales in Russia.

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

“Our most impactful area of ​​work is almost certainly the cybersecurity protection of Ukraine. We continue to work proactively to help cybersecurity officials in Ukraine defend against Russian attacks, including most recently a cyberattack on a major Ukrainian broadcaster,” Microsoft President Brad Smith said in a statement.

Facebook at Restricted to RT and Sputnik across the EU and downgrade the content “of Russian state-controlled media’s Facebook pages and Instagram accounts and make them harder to find on our platforms.”

ICT Taconline with Facebook, also banned Russian-backed news outlets RT and Sputnik across the EU.

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

Breakthe parent company of Snapchat, said in a blog post that it has stopped all advertisements running in Russia, Belarus and Ukraine. It also stops ad sales to all entities in Russia and Belarus and pledges $15 million in humanitarian aid.

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

Movies and media

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

Upcoming releases such as Sonic the Hedgehog 2, Morbius, and The Batman have all been included in the hiatus, meaning Russian audiences won’t be able to see any of them for the foreseeable future.

According to several reportsNetflix has suspended production and acquisitions of four Russian projects.

Ukraine has also called on game publishers such as Sony and Microsoft to lock Russia off their platforms. On Friday, Microsoft President Brad Smith said the company would suspend “all new sales of Microsoft products and services in Russia.”

Sony’s video game division has not publicly responded to the request.

Several major game publishers have also withdrawn from Russian markets.

Red Project CDthe developer behind the popular Witcher and Cyberpunk 2077 franchises, has announced it will suspend sales in Russia and Belarus following the invasion.

EA SportsInternationally renowned football game publisher FIFA, has announced that the Russian national team and all Russian clubs will be removed from their titles, including FIFA 22.

Energy

Shell, BP and ExxonMobil all announced their intention to divest Russian energy in response to the invasion of Ukraine.

Together, the three energy giants have over $20 billion invested in Russian marketsaccording to The Conversation.

Russia is a major exporter of oil and natural gas, particularly to Europe. Because of this important relationship, energy is one of the few exports that Western countries have not targeted with heavy sanctions.

Vehicles and planes

Mercedes-Benz suspended vehicle exports to Russia and manufacturing there. The company also plans to divest its 15% stake in Russian truck maker Kamaz as soon as possible. according to Reuters.

Volkswagen Groupwhich also owns Porsche and Audi, also suspended vehicle exports and manufacturing in Russia, saying a “lasting solution to the conflict can only be found on the basis of international law”.

General Motors and Sweden Volvo cars suspended vehicle exports to Russia until further notice.

from Japan Mitsubishi said it may suspend the production and sale of its cars in Russia, according to Tech Crunch.

Harley-Davidson halted motorcycle shipments to Russia and suspended activities in the country, saying his thoughts “continue for the safety of the Ukrainian people”. Putin rode a three-wheeled Harley during a visit to Ukraine in 2010.

Ford suspended operations in Russia until further notice.

Toyota is halting production at its St. Petersburg plant which makes RAV4 and Camry models due to supply chain disruptions, saying it was monitoring events “with great concern for the safety of the Ukrainian people”.

British luxury car manufacturers JaguarLand Rover and Aston Martin suspended vehicle shipments to Russia.

germany BMW at would have stopped the export of cars to Russia and said he would stop production there.

from Japan Mazda suspend auto parts exports to its Russian plant, Nikkei reported on Tuesdaywhile pointing out Honda suspended exports of automobiles and motorcycles to Russia.

Plane manufacturers Boeing and Airbus stopped supplying parts and technical support to Russian carriers.

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