A business can be spread when it will be able to entice the audience which will result in potential customers becoming actual customers. A business grows only when its customers indulge themselves with it. Every company has some social responsibility that they need to fulfil, towards the world, nature and its people.
The world is seeing some of the greatest humanitarian crises in the last few weeks, once again. The conflict between Russia and Ukraine has intensified when the latter declared war. Some of the most famous brands from different sectors, realising the depth of the issue started pulling out from Russia and freezing their activities there.
All the major companies seem to condemn the invasion of Russia and the violence that its people are facing in Ukraine and they have done that by suspending their operation in the country. This is mainly done to create pressure in the Russian economy so that they can back off from this disaster called war.
In this article, we will talk about the major firms that have ceased their operations in Russia due to the country’s invasion of Ukraine. Let’s take a look at the list of the companies leaving Russia.
“You only have to do a few things right in your life so long as you don’t do too many things wrong.” – Warren Buffett
List of all the major firms that suspended operations in Russia
Apple
Microsoft
Dell
Google
YouTube
Mastercard
H&M Group
Visa
Meta
PayPal
Airbus
Samsung
Puma
Nike
Disney
Netflix
Ford Motor
Adidas
Adobe
Amazon
BMW
Accenture
Spotify
McDonald's
Intel and AMD
PepsiCo
Coca-Cola
Starbucks
Oracle
SAP
Electronic Arts (EA)
Carlsberg
SONY
TikTok
Warner Bros
Snapchat
FIFA
UEFA
American Express
Uber
KPMG
FedEx
Airbnb
Harley-Davidson
Shell
ExxonMobil
General Motors
Porsche
Toyota
Mercedes-Benz
Apple
This American multinational tech giant Apple stopped the sales of their popular products like iPhone, Ipad and others in Russia and started restricting most of the services like Apple pay that the company used to provide to the people of Russia. Apart from that, they have also blocked the access of the app store in the country. Although there is no physical stores of Apple in the country but the products used to get sold through third-party retailers.
Microsoft
Like its above acquaintance, the American multinational technology company Microsoft chose the same path and suspended all their activities in Russia. It includes their new products and services sale in the country. The company is also closely monitoring the situation and is on the lookout for the safety of its employees in Ukraine.
Dell
Texas-based technology company, Dell took a step forward and halted the sales of their products in both the countries Russia and Ukraine.
The largest company that provides internet-related services in response to Russia’s behaviour towards Ukraine took down RT News and Sputnik from the Google Play Store in Europe. Google has also decided to stop monetizing any Russia funded media present on their platform
YouTube
The online video streaming platform, YouTube decided to block Russian channels from monetizing and the company said in a statement they are taking a number of actions against Russia.
Mastercard
After the devastating effects of the war on Ukraine by Russia, Mastercard Inc. one of the most popular financial service corporations, has suspended all its activities and has frozen every kind of transaction. The company stated that any cards issued by Russian banks will not be supported.
H&M Group
Clothing brand H&M halt their sales in Russia and said that the brand will refrain from doing any activities till the situation is resolved.
Visa
Another major financial corporation Visa stopped its operations and has decided to cease all their transaction in the coming days in Russia following its war against Ukraine.
Meta
Meta formerly known as Facebook decided to stop all the advertising in Russia, they have already blocked the advertisement and Russia owned media channels on their owned platforms like Facebook and Instagram.
PayPal
The major financial technology company PayPal especially dealing with online money transfers has halted their services in Russia and has also barred Russian users to use their services.
Airbus
The multinational aerospace corporation of Europe known for making products related to aerospace, Airbus has decided to stop functioning in the country. Airbus has been a companion of Russia for 30 years but the violence against Ukraine by the country has forced Airbus to pull out from the country. It was a big blow to the aviation industry in Russia.
Samsung
The tech giant Samsung famous for its electronic products has decided to stop the shipment of its products to Russia. Any kind of products like smartphones, semiconductors and other consumers electronics will no longer be shipped to Russia due to the current situation.
Puma
German multinational athletic sportswear brand stopped all its activities in Russia and has shown solidarity to Ukraine, Puma has over 100 stores in Russia. This decision has led to the suspension of that store and its products.
Nike
The athletic sportswear brand from America, Nike has decided to follow the steps of all other big western brands and halted its activities in Russia and closed all its stores.
Disney
American multinational entertainment company, Disney decided to halt all their theatre release and production in Russia amidst the Russian invasion of Ukraine, they are the first ones to do that. Disney also stated that its future business in the country will depend on the situation.
Netflix
Streaming platform giant Netflix has stopped all its services in Russia after their invasion of Ukraine. It has decided to part away from all the future projects and collaboration scheduled to happen with the country. The shooting of Russian shows under Netflix has been put on hold due to the situation.
Ford Motor
Ford Motor has decided to stop its activities in Russia. The popular multinational automobile manufacturer was been a partner of Russia for a long time but the invasion has resulted in the ceasing of all operations in the country. Ford has also decided to donate money that will use for the Ukrainian refugees.
Adidas
The German multinational athletic sportswear brand has decided to suspend all its activities. They stopped all their online shop in Russia, apart from that, all the physical stores got shut down as well. Although the company is closed until further notice, Adidas claimed they will continue paying the employees there.
Adobe
One of the most prominent multinational software companies of America, Adobe has also decided to cut ties with Russia and has decided to stop all their sales in the country. They have also stopped Russia's access to Adobe Creative Cloud and said that it will refrain from providing any service to Russia now.
Avantika Bhardwaj
Amazon
The biggest cloud computing and e-commerce company in the world, Amazon also decided to stop all its activities in Russia and Belarus, it has stopped accepting customers from the two and has decided to not provide its web services to these two countries.
BMW
The Russian invasion of Ukraine has led to the decision of luxury car brand BMW to put a halt to their sales in the country. They have also stopped manufacturing products in the country and stopped their shipments as well.
Accenture
The Ireland-based multinational company, Accenture which deals with IT Services and consulting has decided to cut ties with Russia and stopped their services after Russia's violence against Ukraine.
Spotify
Music streaming platform, Spotify has ceased all its services in Russia, after the country invaded Ukraine.
McDonald's
Global fast-food chain brand McDonald's has suspended their operation temporarily in Russia and has decided to close its outlets. It has over 850 stores in Russia.
Intel and AMD
Intel and AMD stopped their shipments of industrial chips in Russia, it has happened after the US Government lodged new export restrictions after Russia's invasion continues.
PepsiCo
PepsiCo has suspended their sales and production of soft drinks in Russia amidst the Russia-Ukraine crisis.
Coca-Cola
Following the steps of its competitor, Coca-Cola has stopped selling their soda in Russia. The company also showed support to the people of Ukraine.
Starbucks
Starbucks, one of the world's biggest chains of coffee houses has decided to stop its activities in Russia.
Oracle
The American multinational company that deals with computer technology has decided to stop all their operation and has suspended their sales in Russia and showed their solidarity to Ukraine.
SAP
The software and technology company that deals with software for developing enterprises have decided to stop their all activities and function in Russia.
Electronic Arts (EA)
The American Video Game company has cut their ties with Russia and has decided to stop selling its games and content in the country.
Carlsberg
Danish Brewer Carlsberg has decided to stop every kind of investment in Russia and has decided to provide aid to Ukraine at the time of the crisis. They halted and stopped all their exports of beverages in Russia.
SONY
Sony has made its decision to not launch its latest game Gran Turismo 7 in Russia, which was said to release worldwide but was suspended after its conflict with Ukraine intensified.
TikTok
One of the most popular videos sharing sites, TikTok has limited its services in Russia and banned content creation in Russia following its war with Ukraine.
Warner Bros
The multinational entertainment conglomerate Warner Bros has decided to stop all their theatrical release of their films in Russia.
Snapchat
Snapchat another popular social media platform has temporarily disabled its service called heatmap in Russia due to the ongoing war with Ukraine.
FIFA
The international governing body of the Football Association has kicked out Russia from World Cup. They got disqualified after the country launched a war against Ukraine.
UEFA
The Union of European Football Association has banned Russia from all international football competitions.
American Express
The multinational payment card service provider, AmEx has joined the list of companies and has shut down all its activities in Russia.
Uber
Uber after the escalation of the war on Ukraine by Russia has cut ties with a Russian ride-sharing service named Yandex.
KPMG
The Global network of professional firms for audit, Tax and other services has decided to end their services in Russia to show support against the war going on in Ukraine.
FedEx
The global express delivery service FedEx has informed that they are halting their shipment service in Russia as a result of the ongoing geopolitical conflict between Russia and Ukraine.
Airbnb
Airbnb, an American company that provides services for tourism activities like homestay, food and lodging has suspended all its services in Russia.
Harley-Davidson
The luxury bike brand Harley-Davidson has suspended its business in Russia after Russia invaded Ukraine.
Shell
One of the major oil companies, Shell has decided to stop buying crude from Russia as a result of the ongoing war with Ukraine.
ExxonMobil
Another oil company ExxonMobil decided to leave Russia and stop all the activities of oil production there.
General Motors
General Motors, the multinational automotive manufacturing company has stopped their activities in Russia and has suspended its business in the country as of now.
Porsche
The invasion of Ukraine by Russia has also caused one of the leading luxury car brands, Porsche to halt their production in the territory of Russia.
Toyota
Toyota has stopped their production in Russia and has informed their staff to return to Japan as Russia's war intensifies with Ukraine.
Mercedes-Benz
Luxury car manufacturing company, Mercedes Benz has stopped their activities including the production of cars in Russia following its conflict with Ukraine.
Harshit Verma
Conclusion
The war invasion by Russia has led to some of the biggest companies and brands backing out from the country, most of the brands are American and European and this has been done to create a financial strain in the country. The future of all these companies in Russia depends on the situation now.
FAQs
Is McDonald's closing stores in Russia?
Yes, McDonald's has suspended its operations in Russia and temporarily closed its 850 restaurants.
Is Coca-Cola still operating in Russia?
Coca Cola has ceased operations in Russia amidst Russia's invasion of Ukraine.
What are some of the major companies that are leaving Russia?
Mcdonalds, Pepsi, Coca-Cola, Starbucks, Nike, Puma, Adidas, Accenture, KPMG, Ford, Mercedes Benz, Shell, Harley Davidson, Mobil, General Motors, Airbnb, Toyota, Porsche, EA, Oracle, AmEx, Uber, TikTok, Intel, AMD, Amazon, Netflix, PayPal, H&M, Disney, Visa, Mastercard, Samsung, Apple, Adobe, BMW, Spotify, Shell, Google, Microsoft, Dell, Airbus, Meta, Sony, FIFA, UEFA, Carlsberg, and Warner Bros are some of the major companies that suspended their operation in Russia.
Source :- https://startuptalky.com/ Author :- Damini Bhandary Date :-March 09, 2022 at 09:56PM