Dozens of america best-known companies, ranging from Boeing, Apple, Google and ExxonMobil to Ford and Harley-Davidson, have joined the list of Western brands that have stopped business Where announced plans to abandon their operations in Russia over son invasion of Ukraine, under constant pressure from investors and consumers who denounce the violence.
Airbus, rival of Boeing also stopped sending spare parts to Russia and supporting Russian airlines, but said it was examining whether son engineering center in Moscow could continue to provide services to local customers under Western sanctions.
we tech late giant apple on Tuesday said he had stopped sales of iPhone and other products in Russia, adding that she was doing changes at son Maps app to protect civilians in Ukraine.
Tech companies, including Alphabet’s Google, have removed Russian state publishers from their Ford Motor newsset – with three seals venture factories in Russia – told son Russian manufacturing partner that it was suspending operations in the country.
Western nations have steadily increased up punishments on Russia since it invaded Ukraine last week including closing out some Russian SWIFT banks global financial network.
The measures hammered the ruble and forced the central bank to take up interest rates, as Moscow responded to the growing exodus of Western investors by temporarily restricting Russian asset sales by foreigners.
Russian companies, meanwhile, felt increasingly pressured. Sberbank, the most grand lender from Russia, said on On Wednesday, he left Europe market because its subsidiaries faced big cash exits. This also say it safety of its employees and property was threatened.
Signaling that there would be no let-up West, US President Joe Biden said in son state of Union address on tuesday that son Russian counterpart Vladimir Putin ‘has no idea what’s coming’ as he joined European states and Canada in closure of US airspace to Russian aircraft.
Japan Airlines and a unit of ANA Holdings said they were considering routes that avoid Russia.
With international shippers such as Maersk, Hapag Lloyd and MSC suspending bookings to and from Russia, the country has become increasingly shut out of world Trade. The penalties are also compressing the Russian aviation sector.
Boeing said on On Tuesday, it was suspending operations like other airlines face increasing restrictions in Europe and the United States on relationships with Russian customers, affecting the location aircraft, exporting new aircraft and supplying parts.
Chorus of conviction
ExxonMobil said it would cease operations in Russia and took steps to get out of the Sakhalin-1 ventureafter similar moves to throw assets by British Energy giants Shell and BP, the most grand foreign investor from Russia.
However, the French firm TotalEnergies stopped net of saying he would leave Russia, saying only that he would not put in new cash.
Numerous joined a growing choir of Western companies openly condemning Russian actions.
“We are deeply concerned on Russian invasion of Ukraine and the stand with all of the people who suffer like a result of violence,” Apple said. in A declaration.
“We deplore Russia military action undermining the territorial integrity of Ukraine and met in danger son people”Exxon said, while Ford said in his conviction: “The situation forced us to reassess our operations in Russia.”
the decision will see Exxon pull out of management of large oil and gas production facilities on Sakhalin Island in the Far East of Russia, and met destiny of a multi-billion dollar liquefied natural gas (LNG) facility at this location in doubt.
Exxon did not provide a timeline for his exit, nor comment on potential asset radiation. It’s Russia assets were valued at nearly $4.1 billion in son latest annual report, filed in February.
Exxon operates three major offshore oil and gas fields with operations based on Sakhalin Island on on behalf of of a consortium of Japanese, Indian and Russian companies including the Russian Rosneft. the group had advanced plans for add an LNG export terminal on site.
Sakhalin facilities, operated by Exxon since production began in 2005, represents one of the most important direct investments in Russia, according to a project the description on Exxon website. The operation recently pumped around 220,000 barrels per day of oil.
Harley-Davidson motorcycle manufacturer suspends deliveries of son bikes in Russia. Japanese Honda Motor said it suspended deliveries of cars and motorcycles, while the Nikkei newspaper reported that Mazda would suspend exports of auto parts to son plant in the country.
Boeing said on Tuesday he was hanging pieces, maintenance and technique support services for Russian airlines. The American aircraft manufacturer suspends its major operations in Moscow and the will also temporarily close son office in KyivIt said.
The increasing focus of investors in environmental, social and governance (ESG) has added pressure on companies to act quickly in end links with Russia and Russian entities.
Greater United States technology the companies said they were continuing their efforts to prevent Russia from profiting of their products.
Apple said it blocked app downloads of some state-supported news services outside of Russia.
Google, owned by Alphabet, said it blocked mobile apps connected to Russian state-funded publisher RT from son news-related features including Google News search.
google also bans RT and other Russian channels from receiving money for ads on websites, apps and YouTube videos, reflecting a move made by Facebook.
Microsoft said it would remove RTs mobile apps since son windows-app store and ban ads on Sponsored by the Russian state media.