Which companies have pulled out of Russia? Here is a list.

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Which companies have pulled out of Russia? Here is a list.

After Russian President Vladimir V. Putin ordered an invasion of Ukraine on 24 February, multinationals were forced to re-examine their relations with Russia. Some, such as McDonald’s, PepsiCo and Shell, had had ties with the country for decades, and faced increasingly complicated deals.

Under pressure from investors and consumers, many Western companies have begun to open their investments in Russia, close stores and stop sales. Here are some of the actions they announced:

  • Unilever, which owns brands such as Dove and Sunsilk, suspended imports and exports.

  • Ikea, though it will continue to operate its flagship chain of shopping centers, Mega, in Russia, to ensure that customers have access to essential items.

  • TJX, owner of TJ Max and Marshalls, pledged to sell its equity ownership in Familia, an off-price retailer with more than 400 stores in Russia.

  • H&M, which had about 170 stores in Russia, stopped sales, like Nike with about 116 stores.

  • Canada Goose, which is based in Toronto, will cease wholesale and e-commerce sales to Russia.

  • Adidas said it would suspend sales in Russia this year, taking a cut of 1 percent from its expected revenue growth. The company has about 500 stores in Russia and the former Soviet states.

  • Shell will exit its joint venture with Russian natural gas giant Gazprom.

  • BP will sell about 20 percent of its stake in Russian state-controlled oil company Rosneft.

  • Exxon Mobil will end its involvement in a major oil and natural gas project.

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  • American Express, MasterCard and Visa cards issued by Russian banks will not work in other countries and cards issued elsewhere will not work for purchases in Russia.

  • Four big accounting firms — Deloitte, EY, KPMG and PricewaterhouseCoopers — are moving out of the country.

  • Consulting firms McKinsey & Company, Bain and Boston Consulting Group have suspended consultations for government entities. (Bain said it implemented that policy in 2020.)

  • Amazon Web Services has stopped accepting new customers for its cloud computing services.

  • Google suspended advertising, including its Search and YouTube products.

  • Microsoft and Apple halted sales. IBM closed the business.

  • Cogent and Lumen, which provide so-called backbone Internet services, cut access.

  • Uber said it is trying to accelerate its divestiture from Russian internet company Yandex, which operates a ride-hailing service.

  • UPS, FedEx and DHL have suspended shipments and operations in Russia and Belarus.

  • Airbus and Boeing have suspended parts supply, maintenance and technical support services to Russian airlines.

  • American Airlines, Delta Air Lines and United Airlines cut ticket sales partnerships with Russian Airlines. All three airlines also stopped flying over Russia.

  • Amadeus and Saber, which provide ticket sales technology to airlines, break ties with Aeroflot, the national flag carrier and the largest airline in Russia.

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