Major companies withdraw products from Russia amid conflict with Ukraine | Pop
Companies such as Apple, Disney, Shell and others are pulling their products from shelves in Russia following their invasion of Ukraine.
Apple released a declaration on March 1 regarding their position on the issue:
“We are deeply concerned about the Russian invasion of Ukraine and support all those who are suffering because of the violence,” the statement said. “We are supporting humanitarian efforts, providing aid to the current refugee crisis and doing all we can to support our teams in the region.
With the announcement, Apple said it suspended all exports to the sales channel in this area, as well as removing apps such as RT News and Sputnik News from the App Store. Citizens will also not be able to view live traffic incidents on Apple Maps as a precaution for Ukraine.
At this time, Apple has not specified how long this will last. The company said: “We will continue to assess the situation and are in communication with the governments concerned on the measures we are taking. We join with all those around the world calling for peace.
David Jefferson, corporate communications for Disney, also posted a declaration February 28 regarding the Russian invasion of Ukraine:
“Given the unprovoked invasion of Ukraine and the tragic humanitarian crisis, we are suspending the theatrical release of films in Russia, including the upcoming turn red from Pixar. We will make future business decisions based on how the situation develops. In the meantime, given the scale of the emerging refugee crisis, we are working with our NGO partners to provide emergency relief and other forms of humanitarian assistance to refugees.
Like Apple, it’s unclear when Disney will resume services.
Ben van Beurden, CEO of Shell, noted on February 28, “We are shocked by the loss of human life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security”.
“Our decision to step out is a decision we make with conviction,” van Beurden said. “We cannot – and we will not – sit idly by. Our immediate objective is the security of our people in Ukraine and the support of our people in Russia. In talking with governments around the world, we will also work on detailed trade implications, including the importance of a secure energy supply for Europe and other markets, in line with applicable sanctions.
Shell said they expect the decision to exit joint ventures with Gazprom will impact the book value of Shell’s Russian assets and lead to impairments. Gazprom is a Russian energy company.
In addition to Shell’s individual actions, according to The White HouseEffective March 8, President Joe Biden banned the import of Russian oil, natural gas, and coal into the United States through an executive order.
As the situation continues to evolve daily, more and more companies such as General Motors, Warner Bros. and Adidas withdrew their services. Many of these companies work with humanitarian organizations to provide assistance to those in Ukraine.
Follow Makayla Malachowski on Twitter, @MMal2024.
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