Netflix, TikTok, Samsung and credit card operators have joined the lengthening list of businesses cutting ties with Russia or reviewing their operations in the country as reputational and financial risks mount.
“Any business considerations are clearly secondary to the human suffering experienced by so many.”
“We need your support — in 2022, modern technology is perhaps the best answer to the tanks, multiple rocket launchers and missiles targeting residential neighborhoods, kindergartens, and hospitals,” he wrote. Nike Inc. is one of several consumer goods companies that have cited logistical problems as a reason for suspending sales in Russia.
Netflix has fewer than one million customers in Russia and has been operating in the country through a partnership with National Media Group. “We have no choice but to suspend livestreaming and new content to our video service while we review the safety implications of this law,” TikTok announced in a series of tweets. “The safety of our employees and our users remain our highest priority.”
“We will separate our practice in Russia and Belarus from the global network of member firms,” Deloitte’s global Chief Executive Officer Punit Renjen said on Monday.EY said it will no longer serve any Russian government clients, state-owned enterprises or sanctioned entities and individuals anywhere in the world.Baker McKenzie said last week it was reviewing its operations in Russia and will sever ties with several Russian clients in order to comply with sanctions.
The consultancy’s most senior executive in Ukraine called on companies to go further, and begin shutting “offices and outlets” there.
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