- Equinor will also begin to exit its joint ventures in Russia, the Norwegian oil and gas company announced. "We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world," said CEO Anders Opedal. The company said it had $1.2 billion in long-term investments in Russia at the end of 2021. It has operated in Russia for more than 30 years and has a cooperation agreement with Rosneft.
- Norway's $1.3 trillion sovereign wealth fund will divest shares in 47 Russian companies as well as Russian government bonds, the Norwegian prime minister said.
- Moody's said it is suspending commercial operations in Russia. Its investors service will "maintain analytical coverage for existing ratings from outside Russia."
- Inditex, the parent company of Zara, said it is pausing operations in Russia and closing 502 stores in the country. In a statement, the company said Russia accounts for about 8.5% of its earnings before interest and tax.
- Mothercare is suspending business in Russia and stopping shipments there. "Our local partner has confirmed that it will be immediately pausing operations in some 120 stores and online," it said on March 9. Russia accounts for around 20% to 25% of sales for the retailer, which specializes in goods for parents and babies.
- Estée Lauder Companies said March 7 that it will "suspend all commercial activity in Russia, including closing every store we own and operate, as well as our brand sites and shipments to any of our retailers in Russia." The company had already suspended business investments and initiatives in Russia, it said in a statement.
- MSC, a Swiss-owned container shipping line, said its suspension would cover "all access areas, including Baltics, Black Sea and Far East Russia."
- French train maker Alstom said that it will "suspend all deliveries towards Russia" in a statement on March 9. The group is also suspending all future business investments in Russia, it added. Alstom owns a 20% stake — as a capital investment — in Transmashholding (TMH), the Russian locomotives and rail equipment provider. "There was no material business nor operational link between Alstom and TMH," the company said. "The book value will be re-assessed as part of the fiscal year 2021/22 closing accounts."
Alert
These are the companies pulling back from Russia
McDonald's, Coca-Cola and Starbucks are among dozens of companies pulling back from Russia in response to its war in Ukraine. Here's a list of those companies.
Starbucks
In a Tuesday message to employees, Starbucks CEO Kevin Johnson said that "today, we have decided to suspend all business activity in Russia."
He added that "our licensed partner has agreed to immediately pause store operations and will provide support to the nearly 2,000 [employees] in Russia who depend on Starbucks for their livelihood."
Johnson added that Starbucks is halting shipment of all Starbucks products to Russia.
Coca-Cola
Coca-Cola said that it is "suspending its business in Russia."
The company stated that "our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine," adding that it will monitor the situation as things change.
Boeing
Boeing said it would suspend support for Russian airlines.
A company spokesperson confirmed the aircraft maker was pausing "parts, maintenance and technical support services for Russian airlines," and had also "suspended major operations in Moscow and temporarily closed our office in Kyiv."
Airbus
Airbus followed Boeing with a similar move. In a statement, the company said it has "suspended support services to Russian airlines, as well as the supply of spare parts to the country."
FedEx
UPS and FedEx have suspended operations in Russia and Belarus. FedEx said it suspended operations to "support the people of Ukraine." DHL said it has suspended inbound shipments to Russia and Belarus.
UPS
UPS and FedEx have suspended operations in Russia and Belarus. FedEx said it suspended operations to "support the people of Ukraine." DHL said it has suspended inbound shipments to Russia and Belarus.
Mastercard and Visa
Mastercard said it was suspending its network services in Russia. Cards supported by Russian banks will not work in the company's network, and any cards issued outside of Russia will not work within the country.
The credit giant, which has operated in Russia for more than 25 years, had previously announced that it had "blocked multiple financial institutions" from its network as a result of anti-Russian sanctions, and would "continue to work with regulators in the days ahead."
Visa said it is suspending all of its operations in Russia. It will end all Visa transactions within its borders, and Visa cards issued in Russia will no longer work outside of the country. In addition, all Visa cards worldwide "will no longer work within the Russian Federation," Visa said.
American Express
American Express said in a statement that globally issued American Express cards will no longer work in Russia, and cards issued in Russia won't work outside the country. The company also said it is ending its business operations in Belarus.
DirecTV
DirecTV is cutting ties with RT.
A spokesperson for the US satellite carrier told CNN Business that it had already been reviewing whether to renew the outlet's carriage agreement, which was due to expire later this year. Russia's war on Ukraine sped up its decision, according to the representative.
Disney
Disney is also suspending the release of its theatrical films in Russia, citing "the unprovoked invasion of Ukraine."
The entertainment giant had multiple films set for release in Russia in the coming months. That includes Marvel's "Doctor Strange in the Multiverse of Madness" on May 5 and Pixar's "Lightyear" on June 16.
"We will make future business decisions based on the evolving situation," a Disney spokesperson said.
WarnerMedia
WarnerMedia said on February 28 that it would pause the release of "The Batman" in Russia.
The film is one of the biggest blockbusters of the year, and is being released in most countries by Warner Bros. which, like CNN, is a unit of WarnerMedia.
A company spokesperson said that the decision was made "in light of the humanitarian crisis in Ukraine," and that the company hoped "for a swift and peaceful resolution to this tragedy."
WarnerMedia is also pausing all new business in Russia, ceasing broadcast of its channels, halting all new content licensing with Russian entities, and pausing planned theatrical and games releases.
Maersk
Maersk and MSC Mediterranean Shipping Company are both halting cargo bookings with Russia.
"As the stability and safety of our operations is already being directly and indirectly impacted by sanctions, new Maersk bookings to and from Russia will be temporarily suspended, with exception of foodstuffs, medical and humanitarian supplies," the Denmark-based company said in a statement.
"We are deeply concerned by how the crisis keeps escalating in Ukraine," the company added.
Other companies pulling back from Russia
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