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List of companies that withdrew businesses from Russia for its war with Ukraine

Russia Ukraine war has entered the third week and leaders across the globe are expressing their displeasure on the war, the developments, and the consequences it would lead to.

In order to put pressure on Putin to stop the war, several companies from the west have decided to either pause or permanently pull out their operations from Russia– just to support Ukraine President Volodymyr Zelensky.

The list of companies that officially announced to stop their business operations in/with Russia are:

IKEA Hyderabad India

IKEA, the International Furniture Store chain, has announced to cease its operations in Russia. However, to keep the civilians access to essentials, it will continue its business support to Mega, the company that operates a chain of shopping centers in Russia.

L’Oreal, Procter & Gamble, Unilever which owns Dove and Sun silk, suspended its exports to the Putin-led nation.

TJX, the owner of Maxx and Marshalls, announced it will stop its investments in Familia.

H&M announced a business pause of its sales in about 170 stores in Russia

American fashion brand Nike also announced that it will shut down about 116 of its stores

Toronto based Canada Goose also announced that it will suspend its wholesale business in Russia

Adidas has announced that it will shut about 500 of its stores in Russia and some soviet states supporting it.

Fuel companies like Shell, BP, and EXXON Mobil announced this week that they will stop investing in large oil and natural gas projects in Russia.

Payment companies such as PayPal, Visa, MasterCard have suspended their transaction-related operations from March 1st week.

Financial firms such as American Express, The CitiGroup, Deloitte, EY, KPMG, and PwC have also announced that they will exit the Russian federation markets from this weekend

Food companies such as Starbucks, McDonald’s PepsiCo, Coca-Cola, Yum Brands, Papa Jones, Little Caesar have all announced that they are suspending their operations after their current stocks exhaust.

Netflix, Roku, WWE, Paramount Pictures, Walt Disney, Sony Pictures, and Warner Bros have announced that they will not release their movies in the said country on March 10, 2022.

Tech companies such as Amazon Web Services have stopped accepting new customers from Russia on its Cloud Computing Services.

Microsoft announced last week that it will stop releasing updates to all Windows machines operating in the Russian Federation, except those operating in emergency units.

Apple Inc, IBM, Intel, Meta, Nokia, Nvidia, Oracle, Adobe, Reddit, Samsung, SAP, Snap, Spotify, TikTok, Trimple, and Google suspended advertising, search and view services in the nation that launched a war on Ukraine.

Cogent and Lumen offering internet support to Russians have ceased their business operations

Uber has cut off its ties with Russian search engine Yandex and so will no longer support ride services in Russia

Travel companies such as Airbus and Boeing, along with American Airlines, have also announced that they will suspend their operations to Russian airlines. Boeing went a step ahead and announced that it will stop buying titanium from Russia, that is used in manufacturing core products in aerospace.

Logistics firms such as UPS, FedEx, DHL have also suspended their shipments from/to the Russian federation

Delta Airlines and United Airlines have suspended their ticket sales partnership with Russian airlines and Amadeus and Sobre, the companies that offer technical support to Russian airliners have also announced that they will no longer support the said nation in accessing travel technology.

Hotel Giants Hyatt and Hilton, which announced investments in the hospitality sector of Russia, have also suspended their operations in Moscow and the rest of the cities.

Caterpillar

American company Caterpillar, which manufactures earthmoving products such as cranes and bulldozers, has made it official that it will no longer do business on Russian soil.

Daimler Truck announced at the end of last week that it will not deliver truck components to Kamaz until further notice.

Volvo Car

Coming to the automotive sector, car companies offering business from the West such as Aston Martin, Ferrari, Ford, General Motors, Benz, Jaguar, Land Rover, Honda, Harley Davidson bikes, Mercedes Benz, Nissan, Toyota, Volkswagen, and Volvo have also announced a ban of trade in Russian Federation.

Naveen Goud

I am a writer and would love to write everything that interests the world.

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