Since February 24, when Russian President Vladimir Putin officially announced a “special military operation” in eastern Ukraine, world leaders, international organizations and companies have been monitoring Moscow’s every move.
international sanctions The consequences of his invasion of Ukraine are imposed on Russia, and a stream of corporations from all regions have ended relations with Moscow. Multinational corporations have banded together in response to a military attack on Ukraine, threatening to break ties with Russia or take a stand in support of Ukrainian refugees.
Measures were taken by the United States and Europe, including an attempt to block some Russian banks from using it. SWIFT PAYMENT NETWORK and sanctions against Russia’s Central Bank, which has already caused the ruble to drop by more than 30 percent.
In addition to government officials, several private companies have taken steps against the actions of the Kremlin, and the list seems to be growing.
Here are the names of top companies that have taken bold steps after Russia’s invasion of Ukraine.
Apple: The name of the tech giant was recently added to the list. Following Russia’s invasion of Ukraine, the iPhone maker stopped selling the product in the country, saying it stands with all those who have suffered as a result of the aggression. The company announced that it has halted exports of products across the country’s sales channel last week in preparation for halting sales. It is also banning RT News and Sputnik News apps from the App Store outside Russia and in Ukraine, it’s disabled traffic and live-event capabilities, as a safety and precautionary step for residents of the country.
ExxonMobil: The Texas-based company has announced that it will exit a joint venture off the coast of Sakhalin Island in Russia’s Far East and will not invest in other projects in the country as a result of Russia’s invasion of Ukraine. According to the company, the attack violates Ukraine’s territorial integrity and puts its people at risk.
Visa and MasterCard: Mastercard and Visa have both said that Russian banks will be banned from their networks. To aid individuals affected by the attack, Mastercard said it would donate to Save the Children, the Red Cross and the company’s Employee Assistance Fund, while Visa announced a $2 million donation to UNICEF’s United States Fund.
Facebook/meta: Meta officials said posts from Russian state media are no longer being recommended to users by Facebook’s algorithms and that soon the same will happen with Instagram. This comes days after Facebook banned access to Russian state media accounts in Ukraine, prevented Russian state media from running ads and earning money from their accounts on the platform, and removed posts related to a propaganda campaign targeting Ukraine. Is.
Twitter: The microblogging platform said tweets sharing content from Russian official media accounts will be labeled and will temporarily halt ads in Ukraine and Russia to ensure that essential public safety information is added and that ads do not detract from it. Huh.
youtube: On Saturday, just days after temporarily monetizing RT and other channels, the platform blocked channels across Europe run by Russian state-funded outlets Russia Today and Sputnik News, calling them ads on their videos. from earning money through the medium, and restricted access to them. Channels in Ukraine.
Nike Inc.: It has made merchant purchases on its website and app inactive in Russia, indicating that it cannot guarantee delivery of goods to Russian customers.
Adidas: The German sportswear retailer spun off its partnership with the Russian Football Federation, joining a growing number of sports bodies in breaking ties with Russian-affiliated teams or companies.
General Motors: In response to Russia’s invasion of Ukraine, General Motors announced a temporary halt to the delivery of vehicles to Russia. In Russia, the Detroit automaker sells about 3,000 automobiles and has no manufacturing facilities.
Ford: The automobile giant said in a statement that the company is “deeply concerned about the invasion of Ukraine and the resulting threats to peace and stability”. It was therefore suspending its commercial van JV in Russia until further notice, the company said.
Walt Disney: In view of the invasion of Ukraine and the tragic humanitarian crisis, The Walt Disney Company, which owns Marvel Studios, 20th Century Studios, Pixar and other film properties, announced that it was halting the release of theatrical films in Russia, including The much-awaited Pixar is also included. Film Turning Red.
BP: The oil giant sold a nearly 20 percent stake in Russian oil company Rosneft and two members of the BP-nominated Rosneft board immediately resigned, with BP chairman Helge Lund calling Russia’s attack on Ukraine an “act of aggression” and saying That BP’s partnership with Rosneft, a state-owned enterprise, cannot continue.
Oysters: It said it would close all joint ventures with Russian state-owned oil company Gazprom. In addition, the company announced that it would sell its 27.5 percent investment in the Sakhalin-II liquefied natural gas facility and its 50 percent stake in the Salim Petroleum Development.
Airbnb: It said this week that it would provide free, short-term housing to 100,000 migrants fleeing Ukraine, which would be paid for by the company and contributions.
Russia has received such a strong response from many companies all over the world. For that matter, sports organizations like FIFA and UEFA have also taken bold decisions against Moscow. Similarly, the International Olympic Committee has suggested that Russian and Belarusian athletes be barred from participating in international sporting events.
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