Russia Ukraine War Updates: Russia is facing global condemnation for its attack on Ukraine. Due to anger, Western countries also announced strict sanctions on Russia.
But at the same time, many well-known companies have closed their outlets in Moscow and other Russian cities. According to the report, more than 300 companies have left Russia in the past two weeks.
We always keep reading stories or news about how dangerous the horrors of war are. But the ongoing war between Russia and Ukraine must have made everyone aware of it.
The ongoing war between Ukraine and Russia has entered its 14th day today. The war has been over 300 hrs from both sides. To stop Russia, countries around the world are imposing all kinds of sanctions, in such a situation, more than 300 big and famous firms of the world have withdrawn their operations from Russia.
Russia is facing global condemnation for its attack on Ukraine. Due to anger, Western countries also announced strict sanctions on Russia. But at the same time, many well-known companies have closed their outlets in Moscow and other Russian cities. According to the Yale School of Management, more than 300 companies have left Russia in the past two weeks.
According to the Spectator Index, luxury watch brand Rolex Russia has also joined this list. Fast-food giants such as McDonald's, Pizza Hut and beverage maker Coca-Cola have already announced the suspension of their operations in Russia. After Moscow invaded Ukraine, many brands around the world have closed their operations and are busy shutting down their operations from Russia.
Meanwhile, the US imposed immediate sanctions on imports of Russian energy, which further increased the price of oil, which rose by about four per cent on Tuesday.
Prices have risen by more than 30 per cent since Russia invaded its neighbour on February 24. Russia is the world's second-largest exporter of crude oil. In such a situation, due to the ban of western countries, it is believed that the price of oil will increase.
Britain, which has already opened a front against Russia, said it aims to end Russian oil imports by the end of 2022.
The European Union (EU) plans to cut its dependence on Russian gas by two-thirds this year. Here is a list of some of the big companies that have closed their operations in Russia until further orders since the start of the Ukraine war.
Here are the names of the some big firms:
Rolex
McDonald's
Coca Cola
PepsiCo
Starbucks
Netflix
TIC TOC
Samsung
Visa
Master Card
American Express
General Electric
General Motors
Ford Motor Company
Volkswagen AG
Toyota Motor Corp.
Volvo AB
Daimler Truck Holding AG
Oyster
Unilever
Levi Strauss & Co.
Microsoft
Apple
Nike