Which companies have withdrawn from Russia? Here is a list.


After Russian President Vladimir V. Putin ordered the invasion of Ukraine on February 24, multinational companies were forced to re-examine their ties with Russia. Some, like McDonald’s, PepsiCo and Shell, had built relationships with the country over decades and faced complicated deals to unravel.

Under pressure from investors and consumers, many Western companies have begun to unwind their investments, close stores and suspend sales in Russia. Here are some of the actions they announced:

  • Unilever, which owns brands like Dove and Sunsilk, suspended imports and exports.

  • Ikea has done the same, although it will continue to operate its main shopping mall chain, Mega, in Russia to ensure customers have access to the essentials.

  • TJX, the owner of TJ Maxx and Marshalls, has promised to divest its stake in Familia, an off-price retailer with more than 400 stores in Russia.

  • H&M, which had about 170 stores in Russia, suspended sales, as did Nike, with about 116 stores.

  • Canada Goose, which is based in Toronto, will cease wholesale and online sales to Russia.

  • Adidas said it would suspend sales in Russia, cutting its expected revenue growth by 1% this year. The company has about 500 stores in Russia and the former Soviet states.

  • Shell will exit its joint ventures with Gazprom, the Russian natural gas giant.

  • BP will offload its nearly 20% stake in Rosneft, Russia’s state-controlled oil company. large Russian investments.

  • Exxon Mobil will end its involvement in a major oil and gas project.

  • American Express, Mastercard and Visa cards issued by Russian banks will not work in other countries and cards issued elsewhere will not work for purchases in Russia.

  • The big four accounting firms – Deloitte, EY, KPMG and PricewaterhouseCoopers – are pulling out of the country.

  • Consulting firms McKinsey & Company, Bain and Boston Consulting Group have suspended advice to government entities. (Bain said he put this policy in place in 2020.)

  • Amazon Web Services has stopped accepting new customers for its cloud computing services.

  • Google suspended advertising, including on its search products and YouTube.

  • Microsoft and Apple have suspended sales. IBM has suspended operations.

  • Cogent and Lumen, which provide so-called backbone Internet services, cut off access.

  • Uber said it was trying to “accelerate” its divestment from Russian internet company Yandex, which operates a ride-sharing service.


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