Tag Archives: Russia

A corporate exodus from Russia in response to its military invasion of Ukraine has seen more than 300 U.S. and multinational companies sever business ties with the country — and the list is growing by the minute. But even as many flee, a number of big-name firms have remained mum. Among them are U.S. consumer favorites including Dunkin’ Donuts, Subway, and Mondelez (MDLZ). Hotel giant Marriott (MAR) can also be found on the docket of corporations that have not suspended or reduced their… Source link

As the war in Ukraine continues, companies as varied as Exxon, Visa, McDonald’s and Coca-Cola have suspended sales in Russia. Tech companies like Adobe, Apple and PayPal have joined in over the last couple of weeks. We queried the world’s top cloud infrastructure vendors (including Amazon, Microsoft, Google, IBM and Cloudflare) to find out how each was reacting to Russia’s attack on Ukraine. Each company let their public blog posts stand as the message they… Source link

Google is suspending billing on its mobile app store, Play, and pausing payment-based services for YouTube users in Russia — blaming “payment system disruption” related to Western sanctions on Russian banks. The development, which was reported earlier by Reuters, comes in the wake of Russia’s invasion of Ukraine and the sanctions on Russian banks that swiftly followed as the West opted for an economic response to Putin’s war in Europe. In a support note on its Android… Source link

Youtube logo is placed on a Russian flag in this illustration picture taken February 26, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register March 10 (Reuters) – Alphabet Inc’s (GOOGL.O) YouTube and Google Play store are suspending all payment-based services in Russia, including subscriptions, as Western sanctions start to pose banking challenges in the country. Google and YouTube had recently stopped selling online advertising in Russia following… Source link

As the West rolls out more sanctions against Russia for its war in Ukraine, another consumer favorite joins the list: Big Macs. McDonald’s Corporation (MCD) said Tuesday the U.S.-based fast-food giant will temporarily close all restaurants in the country and pause operations in its Russian market, heeding to growing criticism over its silence on the conflict even as other multinational companies have severed ties with the nation. “We serve millions of Russian customers each day who count on… Source link

There is much more the U.S. could do on the sanction front to penalize Russia for its war on Ukraine, points out Goldman Sachs Chief Economist Jan Hatzius. “The prospects for additional sanctions depend mainly on how the war in Ukraine unfolds, but at this point further escalation of sanctions seems likely,” Hatzius said in a new note to clients. The closely followed Hatzius laid out five additional actions the U.S. may take: Block more Russian individuals and related companies. Block additional… Source link

COPENHAGEN (Reuters) – A senior member of Russia’s ruling party has proposed nationalising foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in Ukraine. Several foreign companies including Toyota, Nike and home furnishings retailer IKEA have announced temporary shutdowns of stores and factories in Russia in order to put pressure on the Kremlin to stop its invasion of neighbouring Ukraine. In a statement published on Monday… Source link

In April 2019, yoga instructor Naama Issachar was arrested as she tried to board a connecting flight in Moscow on her way home to Israel. Russian authorities said they searched Issachar’s luggage and found about 10 grams of marijuana. What elsewhere in the world might have drawn a slap on the wrist in Russia resulted in drug-trafficking charges and a seven-and-a-half-year prison sentence. Russia then reportedly dangled Issachar as a bargaining chip, offering to make a prisoner swap or to… Source link

Netflix, China-based TikTok join Google, Apple, other companies cutting ties with Russia | Fortune … Source link

A former top Pentagon official said Saturday that she’s concerned Russia is detaining American basketball star Brittney Griner as “leverage over the United States.” Evelyn Farkas told Yahoo Sports that Russia may want Griner as a “high-profile hostage” who could serve as a valuable bargaining chip. “If we want her out of jail, Russia is going to have some terms,” said Farkas, who served as the U.S. Deputy Assistant Secretary of Defense for Russia and Ukraine from 2012-15. “It… Source link