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Russian Economy: More Firms pull out of Mosco following attacks on Ukraine

Business 360 by Business 360
March 2, 2022
in News, World
0
Russian Economy: More Firms pull out of Mosco following attacks on Ukraine

The biggest shipping firms in the world, Danish Maersk and Geneva-based MSC, have also suspended container shipping to and from the country on Tuesday. The UK has also banned ships from Russia in its updated sanctions. Russia supplies a sixth of the world’s commodities so will now be cut off from a significant part of shipping trade.

Motorbike firm Harley-Davidson also suspended business and shipments of its bikes to Russia. And US plane manufacturer Boeing Co said on Tuesday it was suspending parts, maintenance and technical support for Russian airlines – as well as major operations in Moscow after Russia’s invasion of Ukraine.

has stopped selling all of its products in Russia due to the invasion of Ukraine, the company announced Tuesday.The company said in a statement that it is “deeply concerned” about the Russian invasion and that in response, it has “paused all product sales” in the country. Apple also said it has moved to limit access to digital services, such as Apple Pay, inside Russia, and restricted the availability of Russian state media applications outside the country.”Last week, we stopped all exports into our sales channel in the country. Apple Pay and other services have been limited. RT News and Sputnik News are no longer available for download from the App Store outside Russia,” Apple said. “And we have disabled both traffic and live incidents in Apple Maps in Ukraine as a safety and precautionary measure for Ukrainian citizens.”

Apple’s decision comes as tech companies have faced increasing public pressure to act against Russia. The Ukrainian government last week had asked Apple to stop offering its app store in Russia, but some security and democracy experts said that that could harm Russian users who are protesting the Kremlin and who rely on Western tools to organize.

Facebook, YouTube and Twitter have all begun cracking down on content shared by Russian media amid intensifying pressure from European officials to act against pro-Russian propaganda. Netflix also said it is refusing to air Russian state TV channels in the country. Following news of Apple’s decision on Tuesday, Ukraine’s Minister of Digital Transformation Mykhailo Fedorov tweeted that Apple CEO Tim Cook should “finish the job” and again urged the company to “block” access to its app store in Russia. [CNN]

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