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