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M&S halts shipments to Russia from Turkish franchisee business

by John Pierce
July 3, 2023
in Business
1 min read
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British food and clothing retailer Marks & Spencer has suspended shipments to Russian from son Turkish franchisee business following Russia invasion of Ukraine, he says on Thusday.

The FiBA group has worked in Partnership with the UK-based retailer since 1999. It operates 48 M&S stores in Russia and 10 in Ukraine as well as stores in Turkey.

On Wednesday, the British online fashion retailers ASOS and Boohoo announce they have suspended sales in Russia, joining a growth list of companies fleeing the country.

M&S said it was building on son existing support for UNICEF Appeal for Ukraine with a 1.5 million pounds (2.0 millions of dollars package of aid.

The Russian War on Ukraine, which started on February 24, was met with international contempt, with the European Union, the United States and the United Kingdom, among others, implementing financial punishments on Moscow.

Russian forces bombed Europe’s largest nuclear power plant early on Friday, causing a fire as they pressed their attack on a crucial Ukrainian energy producer city and gained ground in their offer to cut off the land of the sea.

the attack on ballast city of Enerhodar and its Zaporizhzhia nuclear power plant came as the invasion went into son second week and another round of the talks between Russia and Ukraine have resulted in an agreement in principle set up safe corridors to evacuate citizens and deliver humanitarian aid.

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