U.S. corporations suspend business in Russia, citing war with Ukraine

U.S. corporations suspend business in Russia, citing war with Ukraine

U.S.-based corporations with operations in Russia are halting native companies in retaliation in opposition to President Vladimir Putin’s invasion of Ukraine

FedEx and UPS, two of the biggest delivery firms in the world, have each stopped sending shipments to Russia, efficient instantly. The shippers have additionally introduced the suspension of each inbound and outbound bundle deliveries in Ukraine, citing a must prioritize the security of their workers there. 

FedEx over the weekend mentioned in a statement on its web site that the corporate is “closely monitoring the situation” and that it has “contingency plans in place, including temporarily suspending inbound and outbound services to Ukraine and inbound service to Russia until further notice.” 

A FedEx spokesperson informed CBS MoneyWatch that the shipper continues “to provide domestic and export service in Russia where conditions allow.”

UPS additionally introduced service disruptions as a result of Russia’s invasion of Ukraine. On Thursday, UPS suspended all delivery companies to, from and inside Ukraine. The next day, the shipper mentioned it will not be delivering worldwide packages with vacation spot addresses in Russia. UPS additionally said it could return undeliverable packages to their senders when potential. 

“Our focus is on the safety of our people, providing continued service and minimizing disruption to our customers. UPS continues to closely monitor the situation and will re-establish service as soon as it is practical and safe to do so,” UPS mentioned in an announcement on its web site. 

Delta halts alliance with Aeroflot

The aviation trade is responding to the Russia-Ukraine disaster as effectively. Delta Air Traces, one of many largest U.S. carriers, on Friday announced the suspension of its “codeshare services” with Russia’s Aeroflot, that means the 2 airways will not co-operate flights. 

Beforehand, the association allowed Delta to promote tickets to Aeroflot-operated flights to Russia and market them as their very own. The association equally allowed Aeroflot to promote tickets on Delta-operated flights. Delta doesn’t function any flights to Ukraine or Russia by itself.

“We have removed our code from Aeroflot-operated services beyond Moscow’s Sheremetyevo Airport and removed Aeroflot’s code from Delta-operated services from Los Angeles and New York-JFK [airport]. Accommodations will be made for customers affected by these changes,” Delta mentioned in an announcement. 

Aeroflot didn’t instantly reply to CBS MoneyWatch’s request for remark. 

In one other blow to the Russian provider, British soccer membership Manchester United mentioned it not too long ago ended its sponsorship deal with Aeroflot over Russia’s assault on Ukraine, in response to a statement on its web site. 

“In light of events in Ukraine, we have withdrawn Aeroflot’s sponsorship rights,” the Premier League workforce mentioned in an announcement. “We share the concerns of our fans around the world and extend our sympathies to those affected.”

Oil firms Shell and BP have additionally dropped Russia ventures in protest of its assault on Ukraine, placing strain on rivals to ditch their very own stakes in Russian corporations.

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