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From IKEA to H&M: List of giant companies severing ties with Russia

From IKEA to H&M: List of giant companies severing ties with Russia

IKEA, the household goods giant, has decided to temporarily suspend all exports and imports inside and outside Russia and Belarus, as well as suspend retail operations in Russia.

In a press release, IKEA said it was temporarily suspending operations in Russia and Belarus, with about 17 stores active. This giant brand is not the only one that excludes Russia. A list of well-known companies are distancing themselves from Russia, as if to condemn the country for the attack on Ukraine.

Ify Spotify closed its offices in Russia and followed the example of Google and Apple by removing all Russian content from its platform. 

. Clothing giant H&M said Wednesday that its stores in Ukraine have been temporarily closed for security reasons while in Russia sales have stopped.

F Netflix has suspended production and acquisition of 4 Russian projects.

Onda Honda has suspended the export of cars and motorcycles to Russia after encountering problems with deliveries and payments.

Ell Dell has banned sales of their products in Russia.

~ Nike has also banned the sale of online products on their website in Russia.

~ Ford announced that the next ad in Russia has been suspended until further notice.

~ Apple banned sales of products in Russia, to show support from Ukraine.

. Adidas announced on Tuesday that it has suspended cooperation with the Russian Football Union, immediately.

~ The Walt Disney, which owns Marvel Studios, 20th Century Studios, Pixar, etc., stated that it has currently banned the publication of any theatrical performances or films in Russia.

~ Airbnb said it would provide free accommodation to more than 100,000 refugees who fled Ukraine after the Russian attack. 

Google, Facebook, Twitter and YouTube have also banned Russian advertising and content on their platforms.

Source: Forbes

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