McDonald’s, Shell, Adidas—Here’s The List Of Companies Cutting Ties With Russia Over Invasion

After mounting pressure, McDonald’s said it would temporarily close 850 locations in Russia, while fuel giant Shell said Tuesday it would stop buying Russian oil and gas, adding to a growing list of companies including Netflix and TikTok that are distancing themselves from the country after its invasion of Ukraine.

The American fast food company, McDonalds logo on December 10, 2021 in Stoke on Trent, England.

Key Facts

Fast food giant McDonald’s announced Tuesday it would close its 850 locations in Russia, but will continue to pay its 62,000 employees there, and are continuing to pay the salaries of its Ukrainian employees.

Luxury watch maker Swatch Group, home to brands like Omeda and Blancpain, paused its retail operations in Russia Tuesday.

Adidas closed its stores in Russia and suspended its online sales there Tuesday, after the brand said on March 1 it was suspending its partnership with the Russian Football Union, effective immediately, bringing a halt to the years-long partnership between the soccer program and Europe’s largest sportswear manufacturer.

Shell said Tuesday it would stop buying Russian oil and gas, after announcing last week it it would divest in several ventures with Gazprom, a Russian-state owned gas company totaling to roughly $3 billion in value (Read more here).

Estée Lauder said Monday it would close the stores it owns and operates in Russia, and would stop shipping its products to other retailers there.

P&G told employees Monday it would halt capital investments, advertising and promotions in Russia, and only focus on selling products related to personal care, hygiene and basic health, the reported.

IBM announced Monday it has suspended all business in Russia and that it is donating $500,000 to Czech and Polish humanitarian organizations.

WeWork said Monday it is “finalizing solutions” to “divest operations” in Russia and has paused plans for expansion in the area.

Denim retailer Levi Strauss announced Monday it is suspending sales and halting investments in Russia, and will donate over $300,000 to organizations aiding the refugees and people in Ukraine.

Car maker Nissan said Monday it has suspended Exports to Russia and “anticipates” that production will soon halt at its St. Petersburg plant, and announced a 2.5 million Euros fund to help the people of Ukraine and employees affected by the crisis.

Deloitte said Monday it would “no longer operate” in Russia or Belarus, and Ernst & Young said it would no longer work with the Russian government, Russian state-owned companies or “sanctioned entities and individuals anywhere in the world.”

KPMG and PricewaterhouseCoopers, two of the four major U.S. accounting firms, each announced Sunday their Russia-based firms would be leaving their respective networks, with KPMG’s Belarus-based firm leaving as well: “We believe we have a responsibility, along with other global businesses, to respond to the Russian government’s ongoing military attack on Ukraine,” KPMG said in its release.

Netflix paused production and acquisitions of four Russian projects, and reported Wednesday, siting anonymous sources, and told Sunday it was suspending its streaming service in Russia.

TikTok announced on Twitter Sunday it is suspending live-streaming and new content to its video service in Russia while it reviews the “safety implications” of Russia’s law, which went into effect Friday and bans any content the Russian government deems “fake news” about its military—with the publishing of such content punishable by up to 15 years in prison.

American Express is suspending all operations in Russia in response to the country’s “unjustified attack on the people of Ukraine,” the credit card company announced Sunday in a press release, adding it is ending all business operations in Belarus.

Mastercard and Visa each announced Saturday their cards will no longer function at Russian merchants or ATMs, and that cards issued in Russia by Russian banks will no longer function internationally, following their earlier block of a number of Russian financial institutions targeted by sanctions from their networks, in compliance with Western sanctions.

The Prada group, which owns luxury brands Prada and Miu Miu, said Saturday it is suspending retail operations in Russia.

EA suspended sales of its games and other content, including virtual currency bundles, in Russia and Belarus Friday, after removing the Russian national team from FIFA and the Russian and Belarusian teams from its NHL games earlier this week.

Hermès became the first luxury brand to suspend operations in Russia, announcing Friday it would temporarily close its stores in the country, saying it is “deeply concerned by the situation in Europe,” the reported, followed shortly by a similar announcement from Chanel, which added it will also suspend deliveries to Russia.

Microsoft said Friday it was suspending new sales of its products and services in Russia, and is “proactively” working “to help cybersecurity officials in Ukraine defend against Russian attacks.”

Samsung halted shipments to Russia on Friday, the company told Reuters and Bloomberg, following a similar move by Apple.

Airbnb is “suspending all operations in Russia and Belarus,” CEO Brian Chesky tweeted Thursday, days after the apartment sharing firm said it would offer free, short-term housing for 100,000 refugees fleeing Ukraine.

Google said Thursday it will no longer sell online advertising in Russia through its search engine, YouTube or outside publishing partners, according to Reuters, and the apps for Russian state-run media outlets RT and Sputnik were removed from Google’s Play store Wednesday.

Volkswagen suspended production of its vehicles in Russian cities Kaluga and Nizhny Novgorod and paused exports to the country.

A statement from the companies in charge of IKEA’s stores and supply, reported by Reuters, said the “huge human impact” of the war, as well as supply chain disruptions, prompted the firm to take close its shops in Russia.

Mercedes-Benz said Wednesday it is suspending the export of passenger cars and vans to Russia and is pausing local manufacturing in the country.

Software company SAP announced Wednesday it is “stopping business in Russia aligned with sanctions” and suspending product and services sales in the country, though Ukrainian Ukrainian vice prime minister Mykhailo Fedorov tweeted it did not go far enough, and asked the organization to “stop support of SAP products, as long as Russian tanks and missiles attack Ukraine!”

Spotify closed its Russian office indefinitely and followed suit with fellow tech leaders Google and Apple by removing all content from RT and Sputnik from its platform in response to the country’s “unprovoked attack on Ukraine,” though the company says it is not disabling its service in Russia as it believes it is critical to maintain a “global flow of information,” Variety reported Wednesday.

Technology company Oracle tweeted Wednesday that it has “already suspended all operations in the Russian Federation,” after Ukrainian vice prime minister Mykhailo Fedorov publicly urged the company to stop doing business in Russia “until the conflict is resolved.”

Clothing retailer H&M said Wednesday its Ukrainian stores have been temporarily closed for safety reasons, and the company has temporarily paused its sales in Russia.

Following decisions Monday by FIFA and the Union of European Football Associations to bar the Russian team from competing, EA Sports announced Wednesday it has begun removing the Russian national team and Russian clubs from its FIFA video games “in solidarity with the Ukrainian people.”

Honda suspended exports of its cars and motorcycles to Russia, with a spokesperson for the company telling Reuters on Wednesday it was because of shipping and payment difficulties.

Dell paused sales of its products in Russia on March 1, the reported.

ExxonMobil announced March 1 it will exit a joint venture off Sakhalin Island in Russia’s Far East, and will not invest in other developments in the country following its invasion of Ukraine, which the company said “violates the territorial integrity of Ukraine and endangers its people.”

Boeing said March 1 it has suspended major operations in Moscow along with maintenance, parts and technical support services for Russian airlines, adding that it shut down its Kyiv office, according to Politico.

Streaming provider Roku removed the Russian state-controlled television network RT from its channel stores in the U.S. March 1, one day after it was removed from European stores, according to Deadline and Reuters.

Nike has disabled online product purchases in Russia as it cannot guarantee delivery to customers in the country, the brand said on its Russian website, directing customers to local Nike stores.

Ford announced March 1 it was suspending its commercial van JV in Russia “until further notice.”

Apple said March 1 it paused sales of its products in Russia, restricted apps for RT at Sputnik so they can only be downloaded in the country and disabled the traffic feature within Apple Maps in Ukraine “as a safety and precautionary measure for Ukrainian citizens.”

In a blog post March 1, Snap, Snapchat’s parent company, said the social platform has stopped running ads in Russia, Belarus and Ukraine, will halt ad sales in Russia and Belarus and has pledged $15 million to organizations helping those in Ukraine.

A spokesperson for BMW told the March 1 the company “will stop our local production and export for the Russian market until further notice” and said the luxury car maker “condemn[s] the aggression against Ukraine.”

Meta executives said March 1 posts from Russian state media are no longer being recommended to users by Facebook’s algorithm, and soon won’t be by Instagram’s, according to The Verge, days after the company said it restricted access to Russian state media accounts in Ukraine, blocked Russian state media from running ads and earning money from their accounts on the platform and said it took down posts related to a disinformation campaign targeting Ukraine.

DirecTV told Axios on March 1 that the company is “accelerating this year’s contract expiration timeline” of RT America and “will no longer offer their programming effective immediately,” hours after the National Association Of Broadcasters called on broadcasters “to cease carrying any state-sponsored programming with ties to the Russian government or its agents.”

Maersk, one of the world’s biggest shipping lines, suspended deliveries to and from Russia on March 1 apart from food, medical and humanitarian supplies, citing the impact of sanctions.

YouTube on March 1 blocked channels operated by Russian-state-funded outlets Russia Today and Sputnik News across Europe, days after it temporarily demonetized RT and other channels Saturday and prevented it from earning money through ads on its videos, and limited access to these channels in Ukraine.

The Walt Disney Company, which owns Marvel Studios, 20th Century Studios, Pixar and other film properties, announced February 28 it is pausing its release of theatrical films in Russia, including its anticipated Pixar film Turning Red, “given the unprovoked invasion of Ukraine and the tragic humanitarian crisis.”

A spokesperson for Netflix told the February 28 that “given the current situation,” the streaming service has no plans to distribute news, sports and entertainment channels from Russian state media, despite a new Russian regulation that requires organizations with more than 100,000 subscribers to carry them, according to a source familiar with the matter.

Twitter said February 28 it would label tweets that share information from Russian state media accounts, and announced Friday it was temporarily suspending ads in Ukraine and Russia “to ensure critical public safety information is elevated and ads don’t detract from it.”

Etsy announced February 28 it was canceling all balances owed to the company by sellers in Ukraine, including listing and advertising fees, amounting to roughly $4 million, to alleviate financial hardships felt by those in the country.

Oil giant BP divested a roughly 20% stake in Russian oil company Rosneft February 27, and announced the immediate resignation of two BP-nominated Rosneft board members, with BP chair Helge Lund calling Russia’s attack on Ukraine an “act of aggression” and saying BP’s “involvement with Rosneft, a state-owned enterprise, simply cannot continue.”

Verizon waived residential and mobile call fees to and from Ukraine February 25 through March 10, and waived voice and text roaming charges for those in the country.

Fast Retailing, the parent company of clothing brand Uniqlo and Asia’s largest retailer, said Monday the company will not pull out of Russia. “Clothing is a necessity of life. The people of Russia have the same right to live as we do,” chief executive Tadashi Yanai said, according to Bloomberg.

Key Background

Organizations around the world are also taking action against Russia. The International Olympics Committee requested last week that sports organizations around the world ban Russian and Belarusian athletes from competing. Last week the Eurovision song contest barred Russia from competing this year, and Formula 1 canceled the Russian Grand Prix. The international fallout comes as the U.S. and other Western allies voted to remove some Russian banks from SWIFT, and executed other rounds of sanctions on Russian financial institutions. Russian President Vladimir Putin has also been the direct target of sanctions, with the U.S. freezing his personal assets and those of Foreign Minister Sergei Lavrov and other wealthy Russian oligarchs.

Author: Gamer/ Source