War in Ukraine Spurs Corporate Exodus From Russia, Exposes Business Risks

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Russia’s invasion of Ukraine has thrown business plans into disarray. Here are some of the growing number of famous brands to pull out of the country.

Renault, one of the biggest players in Russia’s auto market, said only that it’s temporarily suspending production at its Moscow plant through Saturday “due to some logistics issues,” without being more specific.

The world’s biggest shipping company, A.P. Moller-Maersk, said it will stop making Russian port calls, saying it was “deeply concerned” by the escalating crisis. Hollywood studios are delaying the release of new films in Russia, which isn't a leading movie market but typically ranks in the top dozen countries for box office revenue. Warner Bros., the Walt Disney Co., Sony Pictures cited the “humanitarian crisis.”Apple said Tuesday that it would stop selling its iPhone and other popular devices inside Russia.

It’s not just sanctions but public sentiment that companies have to respond to as the human costs of the war grow.

 

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