‘There Isn’t A Both Sides Anymore:’ With Russia, Customers And Employees Demand Action From Corporations (Forbes)Īmericans Want Companies To Take Action-Not Just Make Statements-Against Russia For Invading Ukraine, Poll Finds (Forbes)īP Drops Nearly 20% Stake In Russian-Owned Oil Firm After Invasion Of Ukraine (Forbes) freezing his personal assets and those of Foreign Minister Sergei Lavrov and other wealthy Russian oligarchs.įrom Hilton To Mars To Uniqlo, These Major Companies Are Continuing To Do Business In Russia (Forbes) Russian President Vladimir Putin has also been the direct target of sanctions, with the U.S. and other Western allies voted to remove some Russian banks from SWIFT, and executed other rounds of sanctions on Russian financial institutions. The international fallout comes as the U.S. Last week the Eurovision song contest barred Russia from competing this year, and Formula 1 canceled the Russian Grand Prix. The International Olympics Committee requested last week that sports organizations around the world ban Russian and Belarusian athletes from competing.
Organizations around the world are also taking action against Russia.
Hotel group Accor and food companies Nestle and Mars are among the few multinational companies that are still doing business in Russia (Read more here). Oil giant BP divested a roughly 20% stake in Russian oil company Rosneft February 27, and announced the immediate resignation of two BP-nominated Rosneft board members, with BP chair Helge Lund calling Russia’s attack on Ukraine an “act of aggression” and saying BP’s “involvement with Rosneft, a state-owned enterprise, simply cannot continue.” Tangent
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