Following Russia’s Ukraine invasion, many international companies are pulling out business from Russia
As a result of the invasion of Ukraine, Western and other foreign companies are departing Russia en masse, reversing three decades of investment.
As a result of the invasion of Ukraine, Western and other foreign companies are departing Russia en masse, reversing three decades of investment.
A list of companies cutting ties or reviewing their operations grows by the hour as governments around the world ratchet up sanctions against Russia, blocking some banks from using SWIFT. The collapse of the ruble and the U.S. ban on transactions with the Russian central bank have made operating in Russia very difficult.
However, they are not the only ones using economic means to punish Russia. Several private companies, including many U.S. tech giants, have found ways to fight back against the invasion.
These are just a few of the largest corporations currently sanctioning Russia, though this list is not exhaustive:
Ford
Apple
Equinor
Netflix
Shell
Mastercard
Visa
Volvo
Google
General Motors
Boeing
Youtube
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