Corporate retaliation has escalated since Russia began its assault on neighbouring Ukraine on Feb. 24, as even the companies that initially balked at quitting the country have been heading for the exits.
Western companies are following the lead of their governments, which are trying to force Putin to stop by cutting off Russia from the global economy. The United States and United Kingdom said on March 8 that they would “We will not be accepting new merchant sign-ups in Russia and Belarus, and Shopify’s checkout will be disabled for existing merchants in Russia and Belarus,” a Shopify spokesperson said in an email.
“Russia and Ukraine are likely no more than a couple per cent of revenue for Shopify,” Romanoff said in an interview.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Following social media pressure, McDonald's joins companies suspending business in Russia | CBC NewsDespite facing pressure to suspend operations in Russia, some multinational giants, such as PepsiCo and Coca-Cola, have provided no indication they plan to cut ties with the country. But today, McDonald's announced its ceasing operations in the country. We are tired of seeing the horror of Ukrainians dying in their homes in their streets. We are tired of the endless suffering Ukrainians are being inflicted with daily. We demand our governments to act! NATO email your politicians and demand action now! UkraineUnderAttaсk Good. Now I can go back to not eating McDonald's for all the other reasons. What ! No Bolshoi Mak ? Dang, back to healthy eating
Source: CBCNews - 🏆 2. / 99 Read more »
The world’s biggest companies are pulling out of Russia. A look inside the global corporate shunningTrust built up over years and decades between Western companies and their Russian host has been shattered while the country wages war in Ukraine. For some, it might never come back again Trump's dad should have pulled out..... Gorbachev tore down the wall, and now Putin is rebuilding it. good and keep it that way until the cowards grow balls and get rid of rasputin
Source: globeandmail - 🏆 5. / 92 Read more »