Deplatforming Russia -The Great Cancellation
These (many hundreds) companies have severed or restricted ties with Russia and it's partners because of the Ukraine invasion
March 15, 2022:
Russia bans Canada’s Prime Minister. Wow, they got us.
Trudeau, Joly, Anand banned from Russia
Updated March 12, 2022
I was going to use the term Sanctions against Russia, but that word has two opposite meanings at the same time, so we will use the words Economic Boycotts against Russia instead.
Russia invaded Ukraine on February 24, 2022. North American and Western European leaders decided to counter Putin’s aggression by hitting him where it hurts the most. Their financial system.
Imagine going to the store and giving your Mastercard to buy groceries only to be told that the credit card system has withdrawn its services in your country.
Local banks in Russia are still open and using Russia based Credit cards, and local currency.
Over 400 Companies Have Withdrawn from Russia—But Some Remain
The Yale School of Management
Most Recent List: March 21, 2022
Since the invasion of Ukraine began, over 400 companies have announced their withdrawal from Russia—but some companies have continued to operate in Russia undeterred.
1) WITHDRAWAL - Clean Break: companies completely halting Russian engagements/exiting Russia;
2) SUSPENSION - Keeping Options Open for Return: companies temporarily curtailing operations while keeping return options open;
3) SCALING BACK - Reducing Activities: companies scaling back some business operations while continuing others;
4) BUYING TIME - Holding Off New Investments/Developments: companies postponing future planned investment/development/marketing while continuing substantive business;
5) DIGGING IN - Defying Demands for Exit: companies defying demands for exit/reduction of activities
Highlights - Financial Services:
SWIFT, 'like a social network for banks,' provides secure messaging for cross-border money transfers
Visa
Mastercard
Apple Pay
Samsung Pay
Google Pay (As of 2020, 29% of Russians were using Google Pay and 20% used Apple Pay)
Cash (Russian Ruble) has lost 30% of its value year to date
JPMorgan, the biggest U.S. bank, is currently engaging in limited activities in the country, the New York-based company said in a statement Thursday (March 10).
Goldman Sachs said it plans to close its operations there.(March 10)
Deutsche Bank announced March 11, that it’s going to SHUT DOWN its business in Russia.
Commerzbank (German Bank) is pulling back business in Russia (March 12))
These penalties and service closures have hurt the innocent Russians as well as its leaders.
Computer Related Companies: Have shut off services, hardware and software sales to Russia
Microsoft
Oracle
Nokia
Cisco
Adobe
Panasonic
Google
Apple
Samsung
Facebook, Instagram, and Twitter have suspended Russian Media in Europe
SAP
Reddit
Snapchat
Spotify
Netflix
Facebook
YouTube
Roku
TikTok
Booking.com
Retailers: (closed all their Russian stores and online sales channels)
Adidas
Calvin Klein
Tommy Hilfiger
Ikea
Nike
LVMH
Chanel
Hermes
Zara
Levi Straus
Canada Goose
Puma
H&M
BooHoo
Burberry
Prada
More:
Pepsi Co. and Coca-Cola, McDonald's, and Starbucks, halt sales of their products/product lines
British consumer goods giant Unilever is suspending all imports and exports of its products to Russia, as well as media and ad spending.
The world's biggest cosmetics company L'Oreal also suspended new Russian investments on Tuesday and temporarily closed its stores.
Direct TV
Uber is selling it’s stake in Russian ride hailing company
Rolex stops Russian sales
Airbnb shuts off their platform
Airline Booking Engine: Sabre Corporation not working in Russia
Semiconductor Manufacturers: TSMC, Global Foundries, Intel, AMD
Film Festivals are no longer coming to Russia
Gaming: Electronic Arts, Nintendo, ESL Pro League, Activision/Blizzard, Epic Games all suspended sales
Movies/TV: Warner Brothers, Sony, Paramount, Universal, Disney movies
Concerts in Russia Cancelled: Slipknot, My Chemical Romance, Bring Me the Horizon, Iron Maiden, Bjork, Sum 41, Franz Ferdinand, Iggy Pop, The Killers, Health, AJR, Yungblud, Louis Tomlinson, Green Day, Nick Cave/Bad Seeds, Cradle of Filth, Denzel Curry,
Live Nation concerts and tickets have ceased all business in Russia
Eurovision - Russia cannot participate in this year’s song competition
Car/Vehicle Manufacturers who have suspended all sales and operations: Ford, GM Jaguar, Volvo, Renault, Honda, Harley Davidson, Yamaha, Daimler Trucks, V.W. Ferrari and Lamborghini said they will not produce vehicles for the Russian market until further notice.
Energy Companies: ExxonMobile, BP, Equinor, Shell, Centrica
Shipping: UPS, FedEx, DHL
Maersk, CMA CGM, Hapg-Lloyd, Ocean Network Express halted all container deliveries. These are the 4 largest container shippers in the world. Chinese-based COSCO will still ship to Russia.
All Russian International Sports Affiliations have been severed
Art exhibitions canceled that were booked in Russia
The European Film Academy (EFA) has responded in support, saying it will exclude Russian entries from the European Film Awards.
Pension Funds and Sovereign Wealth Funds around the world will not invest in Russia
US Government, Canada, and Europe all Block Russian Aircraft from entering their countries Airspaces
Russian-flagged ships banned from docking in the US or Canada
US, Canada, Most of Europe, Australia, New Zealand, and Britain have ceased import of Russian alcohol products, and sales
Breaking March 8, 2022:
The price of gasoline is already up 11% this week in the US
March 14/2022: Koch Industries continues doing business in Russia
Yacht-Watch: The Fancy Boats Getting Snatched Away From Russian Oligarchs
Russia’s government has pulled the internet plug from Russians citizens. They are in a walled garden like China and Iran with no outside the country digital access:
How to Help the Ukrainians:
Ukraine Airbnbs receive bookings in effort to get money to residents
People are paying but not staying, as the rental platform offers free housing to 100,000 Ukrainian refugees.
Thu 3 Mar 2022
Members of the public are paying for Airbnb rentals in Ukraine to help get money to residents who are facing extreme financial hardship because of the Russian invasion.
The home rental platform has already moved to offer free housing to 100,000 Ukrainian refugees, but members of the public have come up with a novel way to financially help those who either intend to remain or are trapped in the country owing to the conflict.
One couple who made a booking for 3-10 March in Kyiv, posted confirmation on Twitter and wrote: “Hello Maria, my wife and I have just booked your apartment for one week, but of course, we will not be visiting. This is just so you can receive some money.” (…source)
Devastation in Ukraine: How the Red Cross is Helping
Thanks for reading. This list will get updated once a week or so, as things change with respect to the Ukraine/Russian situation. Information has been synthesized from 100’s of internet sources and therefore has not been first-party verified.
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Thanks for pulling all of this information together. I saw a post on Instagram that said “Pray for Ukraine, not your portfolio” and I thought that was well said. Love that you highlighted ways to help!
Thanks for this update, Paul. We have donated to the World Central Kitchen, which is on the ground helping provide food for refugees. This is all heartbreaking.