After Vladimir Putin launched an invasion on Ukraine, US and other western countries hit back with several economic sanctions.
Putin's aggression hit Russia's economy, crippling the ruble. However, several companies took action and decided to pull out from Russia.
From tech companies like Google, Apple to automobile manufacturers like Mercedes-Benz, and BMW, some of the well-known brands are abruptly ceasing operations, whereas others have pulled out of partnerships with Russian companies.
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Shell
Shell
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Airbnb has suspended all operations in Russia and Belarus, and also stopped users of the home rental site from both countries from making any bookings, in the company’s latest response to Vladimir Putin’s invasion of Ukraine.
Airbnb has suspended all operations in Russia and Belarus, and also stopped users of the home rental site from both countries from making any bookings, in the company’s latest response to Vladimir Putin’s invasion of Ukraine.
The home rental firm, which has almost 100,000 short-term rentals available across both countries according to the market research firm AirDNA, has been vocal in its support of Ukraine.
Brian Chesky, the co-founder and chief executive of Airbnb, who has added the Ukrainian flag to his Twitter profile, tweeted the suspension in a one-line post.
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Samsung - Russia's top supplier of smartphones - has suspended shipments over "geopolitical developments"
Samsung - Russia's top supplier of smartphones - has suspended shipments over "geopolitical developments". Samsung Electronics is No. 1 in handsets in Russia with 30% market share as of the fourth quarter of 2021, ahead of Xiaomi's 23% and Apple's 13% respectively, according to data provider Counterpoint.
Chinese firms, which contributed 44% of the Russia handset market in 2021 according to Counterpoint, have so far stayed largely silent about their operations in Russia, as Beijing has refrained from criticizing Moscow for the invasion of Ukraine.
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Apple production
In Shanghai, 31 companies run production facilities that supply to Apple.
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Microsoft has removed the mobile app of state-owned media outlet RT news from the Windows app store as well as banned all advertisements on Russian state-sponsored media.
Microsoft has removed the mobile app of state-owned media outlet RT news from the Windows app store as well as banned all advertisements on Russian state-sponsored media.
Microsoft in its blog post said that the company is currently focusing on four areas to provide assistance to Ukraine, it includes—protecting Ukraine from cyberattacks, protection from state-sponsored discrimination campaigns, support for humanitarian assistance, and the protection of its employees.
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Google’s parent company Alphabet Inc has stopped Russian payments on Google pay.
Google’s parent company Alphabet Inc has stopped Russian payments on Google pay. The company has also dropped Russian media outlets such as RT and Sputnik news from Google news.
Just like its rival Apple, Google has disabled the live traffic data in Google Maps in Ukraine to ensure the safety of Ukrainians, after discussions with the regional authorities.
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Visa and Mastercard, two major card payment firms have blocked several transactions with Russian banks.
Visa and Mastercard, two major card payment firms have blocked several transactions with Russian banks. According to Reuters, about 4 per cent of Mastercard’s net revenues were from business conducted with Russia.
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Nike, H&M, and Vogue Fashion have halted their operations in Russia
Nike, H&M, and Vogue Fashion have halted their operations in Russia. Nike has disabled the website and app purchases in Russia, whereas H&M and Vogue have suspended exports of goods.
Adidas has suspended its partnership with Russian Football Federation (RFS).
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Owned by the Tata Group, Jaguar Land Rover has halted car deliveries in Russia, as the company continues to monitor the situation on behalf of the global customer base, the company said in a statement. The UK, which makes the largest JLR market has welcomed the move.
Owned by the Tata Group, Jaguar Land Rover has halted car deliveries in Russia, as the company continues to monitor the situation on behalf of the global customer base, the company said in a statement. The UK, which makes the largest JLR market has welcomed the move.
Similarly, Aston Martin has halted the exports and production of its cars in Ukraine and Russia.
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Disney, Warner, and Sony have halted the theatrical release of movies in Russia.
Disney, Warner, and Sony have halted the theatrical release of movies in Russia. According to The Guardian, Disney called off the release of its movie ‘Turning Red’ which was set to premiere in Russia on March 10. Warner Bros has called off the release of ‘The Batman’ in Russia. Sony has also paused the release of ‘Morbius’ in Russia. Paramount Pictures has halted the release of its movies 'The Lost City and Sonic the Hedgehog 2’ in Russia.
Meanwhile, Netflix has stopped all future projects and acquisitions in Russia, according to Reuters.
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PlayStation owned by Sony Group said in a statement its video game unit joins global community to call in peace for Ukraine. Kyoto-based company Nintendo is suspending all shipments of goods to Russia for the time being without giving any details without mentioning start date or likely the end of the move.
PlayStation owned by Sony Group said in a statement its video game unit joins global community to call in peace for Ukraine.
Kyoto-based company Nintendo is suspending all shipments of goods to Russia for the time being without giving any details without mentioning start date or likely the end of the move.
Nintendo spokesperson said there are two reasons of doing this, first is their e-shop in Russia has been in maintenance since March 4 because the payment provider has stopped its ruble transactions and the other reasons is the logistic disruption caused.
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World’s second biggest beer company Heineken on Wednesday said it was stopping the production and advertising – sale of its brand in Russia in response to the escalation of War in Ukraine. With 1,800 people in Russia, Heineken has already halted the sales and production of the company and suspending new investments and exports in Russia earlier this month.
World’s second biggest beer company Heineken on Wednesday said it was stopping the production and advertising – sale of its brand in Russia in response to the escalation of War in Ukraine.
With 1,800 people in Russia, Heineken has already halted the sales and production of the company and suspending new investments and exports in Russia earlier this month.
The company guarantees the salaries of its 1,800 employees to be paid by the end of 2022 and will also assure to safeguard their future employment
Carlsberg the world’s fourth largest beer producer said it too was halting its sales and production in Russia.
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The world’s biggest label, Universal Music Group on Tuesday said its immediately closing all offices and suspending its operations in Russia. Universal in a statement said they urge to end the violence in Ukraine as soon as possible.
The world’s biggest label, Universal Music Group on Tuesday said its immediately closing all offices and suspending its operations in Russia.
Universal in a statement said they urge to end the violence in Ukraine as soon as possible.
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Starbucks, McDonald’s and Coca- Cola suspended their operations in Russia this week, joining the international corporate chorus of outrage over the decision taken by the Russian president Vladimir Putin for invading Ukraine.
Starbucks, McDonald’s and Coca- Cola suspended their operations in Russia this week, joining the international corporate chorus of outrage over the decision taken by the Russian president Vladimir Putin for invading Ukraine.