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Russia’s invasion of Ukraine is breaking hearts — and stoking anger — around the world. As governments and individuals try to find ways to help the people of Ukraine, corporations also are taking their own stand.
Scores of companies that have done business in Russia for years or even decades now are making a sudden exit. They have decided that the price is too high to keep doing business with a nation that has fast become an international pariah.
Following are some of the largest U.S. companies that are exiting Russia, at least for now.
American Express, Mastercard and Visa
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In a call with U.S. lawmakers, President Volodymyr Zelensky of Ukraine reportedly requested that U.S.-based Visa and Mastercard suspend operations in Russia. Soon after, the two credit card giants did just that, CBS News reports.
The following day, New York-based American Express followed suit and terminated business operations with Russian ally Belarus as well.
Apple
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California-based Apple has suspended all sales in Russia in response to the invasion of Ukraine.
On March 1, the third-biggest company in America said it was halting all exports into its sales channels in Russia. It also limited the use of Apple Pay in the country and removed the opportunity to download Russian state media outlets from the Apple Store outside Russia.
Boeing
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Boeing — the world’s largest aerospace company — announced March 1 that it was halting major operations in Moscow.
The Seattle-based manufacturer said it also was “suspending parts, maintenance and technical support services for Russian airlines.”
Coca-Cola and Pepsi
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An iconic seller of soda and other beverages, Atlanta-based Coca-Cola can be found in virtually every corner of the world — but no longer in Russia.
In a short statement announcing the suspension of its business in Russia, the company simply said:
“Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine. We will continue to monitor and assess the situation as circumstances evolve.”
Rival soda seller Pepsi — based in Purchase, New York — also is suspending the sale of its beverages in Russia.
Disney
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One of the biggest studios in Hollywood and an icon around the world, Disney has announced it will not release films — including the upcoming “Turning Red” from Pixar — in Russia for the time being.
In a statement, the Burbank, California-based company said the “unprovoked invasion of …….
Source: https://www.moneytalksnews.com/slideshows/21-of-the-largest-u-s-companies-leaving-russia/