Companies that stopped operations in Russia due to the invasion of Ukraine

Various companies from all over the world have stopped their operations in Russia in retaliation for the invasion of Ukraine, a military operation that began on February 24 and continues to date.

Either for solidarity with the Ukrainian people or for the possible affectation of its collaborators and actives, the companies were not far behind and, in line with the sanctions imposed by governments and financial institutions, began to curb their operations in Russia.

This is the list of companies that have stopped their operationsclosed offices, suspended sales or sold its shares in local firms after the invasion of Ukraine.

Spotify

Music streaming platform Spotify closed its office in Russia and limited access to content published by Russian state media in response to the “unprovoked attack on Ukraine.”

The Stockholm-based but New York-listed company said in a statement that its Russian office is closing until further notice.

Ford

Ford suspended its operations in Russia in response to the invasion of Ukraine and announced that it will donate 100,000 dollars to a humanitarian aid fund to assist those displaced by the armed conflict.

The automaker announced its decision in a statement saying it “is deeply concerned about the invasion of Ukraine and the threats to peace and stability” and has therefore decided to “reassess” its operations.

Toyota

Japanese automaker Toyota has suspended production at its only factory in Russia and halted shipments of vehicles to the country due to supply chain disruptions linked to the invasion of Ukraine.

Toyota Motor Russia announced in a statement that it will halt production at its St. Petersburg plant from March 4 and suspend car imports until further notice due to supply chain disruptions.

Nemak

The manufacturer of aluminum components and structural applications for electric vehicles, Nemak, announced the stoppage of operations in Russia, in line with similar measures announced by its customers (assemblies) in that country and in the face of the Russian invasion of Ukraine.

The Nemak plant in Russia barely represents one percent of the income obtained by the Monterrey company in 2021.

A week after the war began, the Monterrey-based Mexican producer said he made a donation of 100,000 euros to the International Red Cross in support of humanitarian assistance actions for refugees from the conflict in the region.

gruma

Gruma, the world’s largest corn flour producer, stopped operations at its plant in Ukraine as a result of Russia’s military intervention.

The firm indicated MILLENNIUM that its plant in that country is 600 kilometers from the critical places of the conflict.

“Since the port of Odessa, through which we move our products to other countries, was closed this morning, it was decided to stop the operation of the plant,” the firm said.

volkswagen

Volkswagen announced that it will interrupt the activity of two German factories for a few days in early March due to lack of supply from Ukrainian suppliers as a result of the Russian invasion, according to a spokesman quoted this Friday by local media.

Production will be interrupted from March 1 to 4 in Zwickau and from March 2 to 4 in Dresden. Its employees will be partially unemployed, according to that spokeswoman, who mentions, for example, the lack of some cables.

Manzana

US tech giant Apple, famous for its iPhone smartphone, announced Tuesday that it has put the sale of its products in Russia on “pause” due to the invasion of Ukraine.

The company added in a statement that it had also limited access to the Apple Pay payment system and had stopped offering certain information on maps of Ukraine from its Apple Maps app in order to protect the safety of Ukrainian citizens.

In addition, the Apple App Store will no longer allow applications from the Russian network RT and the Sputnik agency to be downloaded outside of Russia.

Likewise, Apple explained that last week it stopped exporting products destined to be sold in the Russian market, such as iPhone or iPad.

Netflix

After announcing that it will not comply with Russia’s audiovisual law, the Netflix entertainment platform took another step in blocking the country after the invasion of Ukraine. The streaming platform paralyzed its Russian original productions, as well as the acquisition of rights for future projects in the territory.

According to The Hollywood Reporter, Netflix had four projects in development in Russia: Anna K, a contemporary version of Anna Karenina that was to be the production company’s first Russian original series in the country; Zato, a police drama; Nothing Special, a drama about a young actor who works at a charity for people with disabilities; and a fourth untitled fiction.

black rock

In response to the Ukraine invasion, the world’s largest investment management firm, BlackRock, has suspended the purchase of Russian securities, both in funds it manages directly and in those that track indices.

Rich Kushel and Salim Ramji, two senior BlackRock executives, said in a statement that in light of the Russian invasion of Ukraine, the firm on Monday, February 28, suspended the purchase of all Russian securities in its active and index funds.

The US investment fund has also asked index providers to remove Russian stocks from their lists, something several of those companies are doing, with measures taking effect next week, they explained.

Disney

Disney, the American entertainment giant, announced that it is suspending the release of its films in Russian cinemas after the attack on Ukraine, following the example of several companies that chose to leave the country.

“Given the unprovoked invasion of Ukraine and the tragic humanitarian crisis, we are suspending the theatrical release of films in Russia, including Pixar’s upcoming ‘Red Alert’,” the group wrote in a statement.

boeing

US aviation giant Boeing has suspended its support services to Russian airlines and its operations in Moscow, in another retaliation for Russia’s invasion of Ukraine.

“We have suspended major operations in Moscow,” a company spokesman said. “We are also suspending parts, maintenance and technical support services for Russian airlines,” he added.

Ikea

Ikea, the furniture sales company, suspended its activities in Russia and Belarus due to the Russian invasion of Ukraine, which affects some 15,000 employees, 17 stores and three production factories.

“The war has a huge human impact and also translates into serious disruptions in the production and trade chain, which is why the group’s companies decided to temporarily suspend Ikea’s activities in Russia,” the group said in a statement. .

DHL

DHL, the German logistics company, one of the largest in the world, suspended shipments to Russia and Belarus in the wake of the invasion of Ukraine; In addition, as reported by the company on its website, it also closed its offices and operations in Ukraine.

“Our services to Russia and Belarus have been suspended” and “we no longer accept shipments to those countries until further notice”,

airbnb

Airbnb, the US rental platform, suspended its operations in Russia and Belarus in response to the Russian invasion of Ukraine. This was revealed in a Twitter message by the company’s CEO, Brian Chesky.

The announcement comes days after his foundation, Airbnb.org, reported that it would offer free accommodation to 100,000 refugees fleeing Ukraine to neighboring countries such as Poland and Romania.

MPA

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