[ad_1]
The response to Russia’s invasion of Ukraine has been swift and crushing.
Companies, governments, and individuals have imposed sanctions, and cut ties with the country, in a way that has surprised many veteran observers.
Few expected, for example, countries to unite in banning Russia from the SWIFT digital-messaging system that is used by financial institutions around the world.
But for average Russians, it may take months before they truly feel the full weight of the economic sanctions, or the trickle down effect of oil giants like Shell and BP exiting joint ventures.
The most immediate thing they are likely to experience is the disappearance of consumer companies.
Brands, eager to not be seen sitting on the fence, have united to denounce the country and suspend their services in Russia until further notice.
Here, we have summarised some of the largest companies that have pulled out of Russia this week:
Contents
Electronics
Microsoft said it was “horrified” by the situation in Ukraine, and would suspend all new sales of its products and services in Russia.
Apple halted product sales and restricted Apple Pay Russia, disabled Apple Maps in Ukraine, and removed Russian state media outlets from its App Store.
Dell has suspended product sales.
Electronic Arts, which makes hit games such as FIFA 22 and Battlefield, has stopped selling content, games, and virtual currency in Russia and Belarus.
Retail
Sainsbury’s said it would remove all products that are 100% sourced from Russia, including Russian Standard vodka.
Mango, which employs 800 people in Russia, said it would temporarily close its stores and its online platform.
Ikea has closed its 17 stores in Russia, which is the Swedish company’s 10th largest retail market, and has paused sourcing materials from Russia and Belarus.
H&M, the world’s second-largest clothing retailer, has paused all of its sales in Russia, and has also temporarily closed all its Ukraine branches due to safety concerns.
Burberry…
[ad_2]
Source : skynews
