Trade
Under the new EU sanctions package, Russians cannot export iron and steel to Europe. It should be noted that Russia used to be the second largest supplier in the world. This decision will hit the Russian economy hard.
Important There is only one step away from default: S&P downgraded Russia
Swedish port workers refused to service Russian ships at all.
Boycott of companies
French Schneider Electric has suspended investments and supplies in Russia and Belarus. This is a French company specializing in electrical equipment. Is one of the world leaders in the industry.
Chinese Dahua has suspended all deliveries to Russia and will take goods from Russian warehouses. It is the largest manufacturer of professional equipment and electronics in China, a country that has not yet joined global sanctions against Russia.
Japan’s Square Enix has suspended sales in Russia. He is also a developer of computer games such as Galaxy, Deus Ex, Final Fantasy, NieR, Life is Strange, Tomb Raider and Outriders.
American AbbVie will not supply Botox to Russia.
Football teams Real, PSG and Milan will not work with the largest bookmaker in Russia and have terminated sponsorship agreements.
Italian company Pirelli is suspending investments and closing its operations in Russia. And this is one of the world’s largest tire manufacturers.
The death sentence on Russia’s economy has been signed. Then things will only get worse,
- wrote in the Ministry of Finance.
Nevertheless, many global brands continue to operate in Russia and in fact sponsor the war in Ukraine. Therefore, it is necessary to put public pressure on companies to leave the aggressor’s market. According to the Center for Combating Disinformation at the National Security and Defense Council, such global brands include:
Nestle
Mars
Danone
Unilever
Philip Morris
PepsiCo
Leroy Merlin and others.
