Russia-Ukraine War

We all know about the terrifying and tragic war that has been happening in Ukraine over the past weeks. This is such devastating news for everyone to hear and most of the world is standing with Ukraine as they fight to keep their freedom. To show their support, major corporations from around the globe are imposing sanctions on Russia.

 

Starting on February 24th, Russian President Putin announced a military operation in Ukraine and ever since then, over 10 million refugees have fled Ukraine as the war worsens. Over 1,000 Ukrainian civilians have sadly passed. So far, Germany’s Volkswagen and Japan’s Toyota have stopped production at their Russian factories and they have suspended car exports to Russia because of the agression. Rolls Royce, Jaguar Land Rover, and Ashton Martin stopped sales and shipments to Russia while Mercedes Benz and BMW stopped exports and production. Volvo, Nissan, Honda, Ford, and General Motors have taken similar measures.

 

Software companies Microsoft and SAP have halted the sales of new products. Meta, which is home to Google and Facebook, has banned Russian media from running and profiting from ads on their platforms. Spotify also announced that they are closing their Moscow office. Apple has stopped all local product sales through Apple Stores, and they have also limited the functionality of some of its services. Additionally, Samsung has put a halt on phone and chip shipments to Russia. H&M, Zara, and Levi’s have shut down their shops and have stopped local sales. Nike, Puma, and Adidas have also done this as well. Adidas even suspended its partnership with the Russian Football Federation. Chanel, Prada, Hermes, Burberry, LVMH Moët Hennessy Louis Vuitton and Kering which owns Gucci and Saint Laurent have stopped all of their sales in Russia also. Visa, Mastercard, and American Express have stopped their services in Russia. Paypal has also shut down its services. McDonald’s, Starbucks, and Coca-Cola have all exited the Russian market. Unilever and Kraft Heinz have stopped Russian imports and exports of their products. IKEA is also pausing its production and retail operations in Russia and Belarus since Belarus is teaming up with Russia in the war. They are also stopping all imports and exports of their products.

 

As of March 28, the fate of Ukraine is dire and uncertain. Though there have been some talks between diplomats from the two countries, there has been little progress. Overall, we are all wishing that this tragic war comes to a stop soon.

 

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