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Yes

Companies and entities that have severed ties with Russia

So far 69 institutions and large companies have suspended their trade with Russia as a result of sanctions imposed for the military invasion of Ukraine.

The West has imposed harsh sanctions on Russia as punishment for invading Ukrainian territory. As a result, several companies, as well as institutions, stopped their relations with the Russian side.

But let’s take things in stride. Apple Pay completely blocked the Russian government and completely withdrew from the Russian market. The same tactics were followed by Audi, Chevrolet, Cadillac, Coca-Cola, Danone, Dell, Dropbox, Ericsson, DHL, Ford (closed all its stores), General Motors, Harley Davidson (finally in spare parts), Jaguar, Lenovo, LinkedIn ( near its complete withdrawal from the Russian market), Maersk (stops deliveries to and from Russia) Mercedes, Nike (closes all its stores), Nestle (closes all 6 factories in the country), Porsche, Renault and Scania . In fact, near its exit from the Russian market is Mitsubishi, which has 141 service centers in the country.

However, these are not the only consequences for the Russian economy, as AMD (computer hardware company) has banned the supply of microchips and will soon ban the supply of graphics cards, Amazon will block all its retail sales, the Adobe announced the closure of its services, Carlsberg has imposed restrictions on exports, Dropbaox will stop operating in a few days, FedEx announced a “block” on all supplies, Intel banned the supply of microchips, Paypal “freezes” Withdrawals from all accounts, Samsung pay has stopped working, as has Playstation and Spotify.

Beyond that, FIFA, UEFA and the Euroleague have imposed penalties, with the first two announcing the expulsion of all Russians from the tournament, while the Euroleague has not yet made it clear whether the Russian teams will be zeroed or if they simply will not fight for the rest of this season.

Eurovision has announced that Russia will not take part in this year’s competition, while the FIA ​​has announced that the Sochi Grand Prix will not take place this year, while Russian films will not be screened at the Cannes Film Festival either. The NHL (US Ice Hockey Championship) has also announced that it will block all players from Russia.

Of course, the list does not end here, as BP (British Petroleum) withdrew 20% of its shares from Rosneft, while Shell also terminated its cooperation with Gazprom.

The Cinema 4D application is no longer working, Facebook has blocked all the pages of the Russian media, while Instagram is also blocking the Russian propaganda.

Also, Megogo deletes all Russian movies, Netflix blocks subscriptions and stops producing Russian TV series, while Paramount, which blocks movie distribution, and Sony do the same.

NFTs have also been blocked and Russian and Belarusian user funds are being transferred to Ukraine. Paysera (electronic wallet format) is completely blocked. Nintendo has announced a ban on the purchase of games and applications in rubles, and Parimatch has withdrawn its franchise from Russia.

But in addition to the sanctions, Google, Snapchat and other global market giants are backing Ukraine financially, giving 15 million euros each.

Of course, the effects of sanctions do not only hit the real Russian economy, as cryptocurrencies are also hit. KUNA announced that it will be impossible for the Russians to proceed with “mining” of cryptocurrencies, while CEX IO announced that it excludes from its services the people of the Russian government.

Outside Russia and Swedish IKEA furniture Swedish furniture giant Ikea today announced the suspension of its activities in Russia and Belarus, a move that affects almost 15,000 employees, 17 stores and 3 production sites.

“The war has a huge human impact and also translates into a serious disruption to the production and trade chain, which is why the group’s companies have decided to temporarily suspend Ikea’s operations in Russia,” the group said in a statement to AFP.

The suspension mainly concerns Russia, where the Swedish group has been present since 2000 and is one of the main Western employers. There are only a few suppliers in Belarus and the company has no stores, according to Ikea.

“The catastrophic war in Ukraine is a human tragedy and our deepest sympathy and concern is with the millions of people affected,” the group said.

“These decisions will have a direct impact on almost 15,000 employees and the group’s companies will ensure employment and income security, offering support to them and their families,” said the Swedish giant, which is the number one company in the industry. .

While the Ingka holding company stores account for most of the affected employees (12,000), Ikea has nearly 2,500 production staff, with three factories in Russia producing mainly for the local market.

According to the group, 47 suppliers in Russia and 10 in Belarus are also affected by the decision, which closes the door on any import-export from or to both countries.

Prior to the announcement, Ikea had initially stated that it would keep its stores open in the country, a statement that drew criticism in Sweden.

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