Mercedes pulls out of Russia permanently

Image Source: Babel Mercedes has become the most recent Western corporation to leave Russia in the wake of the February invasion of Ukraine. Early in March, the German company halted producing in and importing from the nation. However, it has now announced that it will leave the Russian market and sell stock in its subsidiaries […]

Lego pulls operations from Russia permanently

Image Source: Bloomberg Lego, the largest toy company in the world has stopped all operations in Russia “indefinitely,” as a result of Russia’s invasion of Ukraine. Although the corporation did not provide a detailed explanation for the withdrawal, it did state that there had been “disruption” when it attempted to do its business. With the […]

Nike Becomes the Latest Brand to Leave Russia Permanently

Image Source: Forbes Since the invasion of Ukraine in February, Nike is the most recent Western company to announce plans to depart Russia. In March, the US sportswear juggernaut stopped accepting online orders and shut its local stores. Local partners’ stores continued to be open, but the company is ending their contracts with them. The […]