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McDonald’s, Disney… the big multinationals that have left Russia

it’s official. McDonald’s Definitely leave Russia. The company recently announced that it is offering it for sale 850 establishments And…

By admin , in news , at May 17, 2022

it’s official. McDonald’s Definitely leave Russia. The company recently announced that it is offering it for sale 850 establishments And he withdrew after three decades because of the Kremlin’s invasion of Ukraine.

The decision hasn’t been easy. It is expected to cost up to $1.4 billion, “Some might argue that making food more accessible and still employing thousands of ordinary citizens is certainly the right thing to do. But it is impossible to ignore the humanitarian crisis caused by the war in Ukraine. And it is impossible to imagine That our golden arches represent the same hope and promise that inspired us to enter the Russian market 32 ​​years ago.” Chris KempzinskiDirector General D McDonald.

But McDonald’s isn’t the only multinational that has decided to sideline Russia after the war broke out.

Companies that have left Russia

The flight of foreign companies from Russia became widespread with the advance of the Russian military through Ukrainian territory. Beyond border armed conflict, third-country sanctions on the Kremlin have increased Logistics and supply difficulties, Similarly, companies that decide to stop begin to experience reputation crisis,

I have left the Eurasian country companies of the automobile world, like Renault, Ford, BMW, Mercedes-Benz, Peugeot, Jaguar or Porsche, so tech companies like Apple, Nokia, Siemens or Intel,

Last March, textile company Inditex sent a statement to the National Securities Markets Commission (CNMV) announcing a temporary suspension of its activities in Russia. In this way, they suspended the activity 502 Store Which are distributed across the country (86 of them from Zara) and which are from its online channel.
Another famous clothing company in Spain, Tandem, which has brands such as Cortefil, Pedro del Hierro, Springfield or Women’s Secret, also announced the temporary closure of its establishments.

“The decision to temporarily suspend activity in Russia will be made in order to guarantee maximum safety to all employees and associates,” the company assured.

The world of culture also stood up to Putin, and some multinationals devoted to leisure and entertainment refused to accept the conditions of the Kremlin’s stay.

it is a matter Netflixwhich announced in late February that it would not comply with Russia’s new audiovisual law, which would force the platform to include twenty public channels operating in the country.

for its part, Twitter has announced that it will link to Kremlin-controlled media and add a warning to news-sharing messages, which it will also attempt to reduce their spread on the platform. “Our product should make it easy to understand who is behind the content you see and what their motivations and intentions are,” said Joel Roth, the platform’s chief integrity officer.

as well Disney, Warner Bros. and Sony Russia has decided to stop its activities. Disney, which was the first to speak, also assured that “it will make future business decisions” as the situation develops and assured that it will engage in humanitarian aid through other partner NGOs.

The financial sector in Russia has also been affected, but for the sanctions to take effect, a blockade of the means of payment is necessary. Thus, a few weeks after the invasion, visa y mastercard Announced the blocking of the operations of Russian banks. Shortly after, American Express did the same, introducing payment methods such as paypal or western union,

McDonald’s, Disney… the big multinationals that have left Russia

2022-05-17 11:23:52