Advertisement

Nike to pull out of Russia

Nike has announced plans to leave Russia, becoming the latest Western brand to quit the country since the invasion of Ukraine in February.
 
The US sportswear company halted online orders and closed the stores it owned in the country in March.
 
Shops run by local partners continued to operate, but the firm is winding down those agreements.
 
Networking firm Cisco also said it would start to fully wind down operations in Russia and Belarus.
 
Other companies that have finalised plans to leave in recent weeks include McDonald's and Starbucks.
 


comments powered by Disqus
More Stories
Most Popular
Grenada awaits results of general election
Netflix lays off 300 employees
Russia rerouting trade to BRICS countries