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Nike to scale down Russian business ahead of full exit

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Singapore News News

Joins other big Western brands in confirming it will leave the country over the invasion of Ukraine

23 June 2022 - 16:35People walk past a closed store of the sporting goods retailer Nike at a shopping mall in Saint Petersburg, Russia on May 25 2022. Picture: REUTERS/ANTON VAGANOV

Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow’s actions in Ukraine, adding that those still open are operated by independent partners.

 

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