New Delhi: Many companies and global brands have backed from providing services at Russia amid the Russian Invasion. As the war entered it’s 12th day, the United States, European Union and other Western nations issued sanctions against Russia. The conflict between Russia and Ukraine have led to rise in the the crude oil prices. The prices are boiling to above the $130 per barrel mark.
Many companies amid the war have ceased their operations.
Accounting and Financial Service Companies
British-Dutch multinational professional services network KPMG; professional services network PricewaterhouseCoopers (PWC); and payment card services giant American Express have stopped their respective operations in Russia.
Entertainment and Messaging Companies
Global streaming entertainment service Netflix; and instant messaging app Snapchat have also ceased their operations in Russia.
IT Sector Companies
Apple has paused its sales both online and offline in Russia. Microsoft has also stopped “other aspects of business in Russia. Alphabet Inc’s Google has blocked the Russian news outlets RT and Sputnik. Meta has blocked Russian state media houses. Samsung Electronics has suspended its operation in Russia.
Automobile Companies
Mercedes-Benz has stopped manufacturing and passenger car export in Russia. Ford and General Motors have discontinued their operations in the country.
Retail Companies
American company PVH, which operates Calvin Klein and Tommy Hilfiger, has suspended ops in Russia. Nike, H&M and Ikea also suspended operations in Russia.
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