Russian Reactions of Companies
After Russia's invasion of Ukraine, governments are constantly announcing new sanctions to show their reaction. However, many multinational companies, especially companies based in Europe and the United States, are either announcing their withdrawal from Russia or suspending their operations to discourage Russia. This morning (March 7, 2022) the US-based film company Netflix announced that it had ceased operations in Russia. Other companies protesting against Russia include:
- UK-based BPIt announced that it would divest its stake in Rosneft, the oil company in Russia, which the state has also partnered with. BP, which makes up one-third of gas and oil production through Rosneft, is thought to do close to $25 billion in damage by this decision. Shell If Gazprom Ending operations with; ExxonMobil Ending their investment in Russian oil and gas; Equinor He said that he would end all his attempts in Russia, Total They announced that they would no longer invest in Russia.
- Volvo, Honda, Daimler Truck, Jaguar Land Rover and Harley Davidson Stopping sales to the country; Ford Motor, Volkswagen, Mercedes-Benz, Renault and Toyota They announced that their factory in Russia would stop production.
- Intel, It stopped sales to Russia and Belarus. Dell It ended its sales in Russia completely.
- Apple, Will not sell products in Russia; MicrosoftIt announced that it has suspended the sale of its products and services in Russia.
- SpotifyWhile closing his office in Russia, he also reported that they also blocked access to the publications of media outlets associated with the Russian state.
- Mastercard and Visa, while notifying that Russian-based financial institutions will not use payment networks; PayPal He stopped his services in Russia.
- Disney and Sony PicturesHe announced that his new films would not be released in Russia. Warner Media He stopped the screening of "The Batman" in Russia.
- H&M, Stopping Russian operations with 155 stores; Ikea It announced the suspension of sales, as well as halting exports and imports with Russia and Belarus. Inditex, Nike, Hermes, Mango and LVMH They announced that they had temporarily closed their stores.
- CNN and Bloomberg They announced that they were suspending their activities in Russia.
