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Manchester Evening News
Manchester Evening News
National
Kieran Isgin

The latest companies to pull out of Russia as Heineken, Universal and McDonald's join the list

As Putin's invasion of Ukraine continues on after more than two weeks, many companies and businesses around the world are backing out of Russia's economy.

One of the most recent is oil giant Shell, which has now stopped all operations in Russia shortly after Ukrainian ministers condemned them for buying oil from the country after the invasion began.

Beer giant Heineken, cigarette maker Imperial Brands and music group Universal have also recently joined the growing list.

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Several more firms from a variety of industries have backed out of Russia, most notably those in retail, sport, electronics, motoring and aviation.

Here is a roundup of some of the most recent companies around the world to have ceased working with Russia.

Shell

Shell has announced its plans to withdraw from Russian oil and gas and close all its service stations in the country immediately.

The boss of the FTSE company also apologised for buying Russian crude oil last week, seven days after Putin began his attack on Ukraine.

In a statement, the company said: "This is a complex challenge,

“Changing this part of the energy system will require concerted action by governments, energy suppliers and customers, and a transition to other energy supplies will take much longer.”

Chief executive, Ben van Beurden, said: “We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel – despite being made with the security of supplies at the forefront of our thinking – was not the right one and we are sorry.

“As we have already said, we will commit profits from the limited, remaining amounts of Russian oil we will process to a dedicated fund.

"We will work with aid partners and humanitarian agencies over the coming days and weeks to determine where the monies from this fund are best placed to alleviate the terrible consequences that this war is having on the people of Ukraine.”

Universal

Universal Music Group announced it would cut all ties with Russia by suspending all operations and closing all offices there.

The company noted it is adhering to international sanctions while stressing that its employees and artists are working with organisations to support humanitarian relief efforts in Ukraine.

A statement from Universal called for the violence in Ukraine to end as soon as possible.

Imperial

Imperial – the group behind brands including JPS and Davidoff cigarettes – said it was pausing production at its factory in Volgograd, alongside all sales and marketing activity in the country in a move impacting around 1,000 employees.

Russia and Ukraine together accounted for two per cent of Imperial’s net revenues last year, or around £656 million.

Heineken

Dutch brewer Heineken said it was stopping the production and sale of its own brand beer in Russia.

The firm is also reviewing its strategic options for the future of the business in Russia, where it has had operations for 20 years.

Heineken is one of the latest companies to back out of Russia (Getty Images)

McDonald's

The international fast-food giant will be temporarily closing its stores in Russia - of which there are around 850.

It comes after the company received increasing pressure and criticism for continuing its operations there a week after the invasion began.

Coca Cola

Coca-Cola has followed in the footsteps of McDonald's and also suspended its operations in Russia.

A statement from the company said Coca-Cola's 'hearts are with the people' at the centre of the conflict.

It will continue to 'monitor and assess' the developing 'situation'.

Microsoft

The software company said it was "horrified" by the invasion of Ukraine and would immediately begin suspending all new sales of its products and services in Russia.

Apple

One of the world's largest mobile phone produces has stopped selling its products in Russia.

The tech giant has also restricted Apply Pay all across the country.

Apple Maps has also been disabled in Ukraine while Russian state media outlets have been removed from the App Store.

Electronic Arts

The massive video game company which is responsible for popular games such as FIFA 22, Battlefield Apex Legends has announced it will stop selling content, games and virtual currency in Russia and Belarus.

Sainsbury's

The British supermarket announced it would remove all products that are fully sourced from Russia, most notably Russian Standard vodka.

Ikea

The Swedish furniture giant has effectively closed all of its stores in Russia.

The move is expected to affect around 15,000 workers across 14 Ikea stores across the country.

Ikea has also confirmed it will stop all exports and imports in and out of both Russia and Belarus.

Nike

The sport retailer has temporarily closed all its stores in Russa.

It has suspended all online and app sales in Russia.

H&M

The second-largest fashion retailer has halted all of its sales in Russia while also closing all branches in Ukraine temporarily due to fears surrounding the safety of its workers.

In an official statement, the Swedish retailer said it stands "with all the people who are suffering".

Burberry

The luxury fashion retailer has temporarily halted all of its sales in Russia while also temporarily closing all of its stores in Ukrain over safety concerns.

Netflix

The streaming giant has halted all of its online services in Russia.

The week prior, Netflix announced it would not comply with new Russian laws that require large streaming services to host 20 Russian news channels.

Airbnb

Airbnb has suspended around 90,000 rental locations in Russia. The company also announced it would house 100,000 Ukrainian refugees while waiving all fees on bookings in the country.

Spotify

Spotify closed its office in Russia while also removing all state-backed content on its platform.

Harley-Davidson

Harley-Davidson became the first major motorcycle manufacturer to suspend its business in Russia and halt all shipments of its bikes to the country.

BMW

The German manufacturer announced it would stop all exports into Russia while also halting production within the country.

Boeing

The aviation company announced it would stop buying parts from Russian sources.

Stay up to date on the Ukrainian situation with our live blog:

Read all of our Ukraine coverage here.

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