Got a List. Checking It Twice.

What’s happening? Companies are ceasing operations and business with Russia over its invasion of the Ukraine.

Why is this important? Let’s find a list of companies ceasing business with Russia:

  • Volkswagen
  • Ikea
  • Spotify
  • H&M
  • SAP
  • Oracle
  • Apple
  • Netflix paused productions and acquisitions
  • FIFA stopped Russian teams from competition
  • Honda
  • Google removed the apps for RT and Sputnik 
  • Dell Exxon Mobile
  • Boeing
  • Roku
  • Nike
  • Ford
  • Snap
  • BMW
  • Mercedes Benz
  • Meta executives said Tuesday posts from Russian state media are no longer being recommended
  • DirecTV  no longer offering of RT America
  • Maersk
  • Adidas
  • YouTube on Tuesday blocked channels operated by Russian-state-funded outlets Russia Today and Sputnik News
  • Mastercard  blocks  a number of Russian financial institutions targeted by sanctions from their networks
  • Visa blocks a number of Russian financial institutions targeted by sanctions from their networks
  • Walt Disney Company pauses theatrical releases in Russia
  • Shell divesting from Gazprom
  • Twitter will label tweets that share information from Russian state media accounts
  • AirBnB  free, short-term housing for 100,000 refugees
  • Etsy canceling all balances owed to the company by sellers in Ukraine
  • BP divested a stake in Russian oil company Rosneft 
  • Verizon waived  residential and mobile call fees to and from Ukraine 
  • McKinsey will no longer serve any government entity in Russia

How will this be important? First time I can recall a global call for divestment from a country.

Forbes | Forbes | Volkswagen, IKEA And Spotify—Here’s The Growing List Of Companies Cutting Ties With Russia Over Invasion