Auto shipments stopped, beer stopped flowing, cargo ships dropped port calls and oil companies cut their pipelines.
They’re also expressing concern about the plight of Ukrainians, showing how they want to be seen coming out on the right side of history. ExxonMobil said it will pull out of a key oil and gas project and halt any new investment in Russia. All their chief executives said they were shocked and saddened by the increasingly bloody conflict. Smaller energy firms have followed suit.
Similarly, Harley-Davidson halted motorcycle shipments to Russia and said its thoughts “continue for the safety of the people of Ukraine.” Putin famously rode a three-wheeled Harley on a visit to Ukraine in 2010.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.
Airplane makers Boeing and Airbus stopped supplying parts and service support for Russian carriers. Boeing said it suspended major operations in Moscow and temporarily closed its Kyiv office.