Alisa Adamska
Author
During the last three weeks following Russia’s military invasion on Ukraine’s territories, Russia has become the most sanctioned country in the world. More than 250 companies have already left or announced their exit from Russia’s market. Since February 22nd, Russia has been the target of 2,778 new sanctions, bringing the total to over 5,530. The top sanctioners are Switzerland (568), the EU (518), Canada (454), Australia (413), and the US (243).
Source: depositphotos.com
Activision Blizzard Inc. – sales halt
Adobe – sales halt
AMBA ( Association of MBAs) – withdrawal of accreditation of all Russian universities
Association of European Energy Exchanges (Europex) – excluded the St. Petersburg International Commodity Exchange (SPIMEX) from its membership
Association to Advance Collegiate Schools of Business (AACSB) – withdrawal of accreditation of all Russian universities
ASUS – market exit
BGA (Business Graduates Association) – withdrawal of accreditation of all Russian universities
Binance – will not conduct transactions with Mastercard and VISA cards issued in the Russian Federation
Bloomberg – suspended work in Russia
Booking.com – stopped functioning on the territories
Braun GmbH – market exit
Calvin Klein – sales halt
Depositphotos – market exit
EA Inc. – sales halt
EFMD (European Foundation for Management Development) – withdrawal of accreditation of all Russian universities
Goldman Sachs Group Inc. – ceases its activities in Russia
GSC Game World – sales halt of S.T.A.L.K.E.R. 2
Imperial Brands (Winston, Davidoff and West) – stops sales and production in Russia
Intel – suspends all deliveries to Russia and Belarus
KFC – closing of all establishments and suspension of work
Levi Strauss & Co. (Levi’s) – temporarily suspends commercial operations
McDonald’s – closing of all establishments and suspension of work
Mars – termination of investments
Mastercard – completely suspended operations in Russia
Microsoft – suspended all new sales of products and services
Mondelēz International – termination of investments
Nestle(Nesquik, Nescafe, KitKat, Gerber) – termination of investments
Netflix – stopped functioning on the territories
OBI – market exit
Pandora – sales halt in Russia and Belarus
PepsiCo – stops advertising and sales of drinks in Russia
Philip Morris (Parliament, Marlboro, Chesterfield, L&M, Next, Bond, IQOS) – termination of investments
Procter & Gamble (P&G) – market exit
Rolex – stops exporting its premium watches to Russia
Shell – renunciation of Russian oil and gas
Sony – suspends all PlayStation sales in Russia (PlayStation store also not accessible)
S&P Dow Jones – announced the removal of Russian stocks from its indices, and depriving Russia of the status of an emerging market.
Starbucks – closing of all establishments and suspension of work
Tommy Hilfiger – sales halt
Toyota – stopped import
Ubisoft Entertainment SA (developer of Assassin’s Creed and Far Cry) – suspends its physical and digital sales
Unilever (brands Dove, Axe, Rexona, Pure Line, Domestos, Cif and others) – will suspend the export of products to the Russian Federation
Universal Music – suspends all business operations in Russia and closes its offices
Upwork – stopped functioning on the territories
Visa – completely suspended operations in Russia
VMware – market exit
It is estimated that more than 200,0000 Russian citizens are going to or already lost their workplaces because of these sanctions. Also, Russia was expelled from the Council of Europe and The United States plans to impose a complete embargo on trade with Russia.
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