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2022

Here are the companies leaving Belarus, one of Russia's closest allies, because the country supports Putin's invasion of Ukraine

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Russia's President Vladimir Putin (R) shakes hands with his Belarus counterpart Alexander Lukashenko (L) following their talks at in Moscow on February 18, 2022.
  • Many companies have pulled out of Russia over its invasion of Ukraine.
  • Several firms are also leaving Belarus, a longtime Russian ally that has been supporting the invasion.
  • Here's a list of companies halting business with Belarus amid the attacks on Ukraine.
Russia is losing a lot of business over its invasion of Ukraine.
Russian President Vladimir Putin.
Many companies have pulled out of the country in recent weeks over the attacks.
Thousands of civilians have already been killed since Russia invaded Ukraine on February 24, and millions have fled the violence.
One close ally to Russia is also facing a business blowback of its own for supporting the invasion: Belarus.
Russia's President Vladimir Putin (R) shakes hands with Belarus President Alexander Lukashenko (L) following their talks in Moscow on February 18, 2022.
Belarusian President Alexander Lukashenko is considered to be one of Russian President Vladimir Putin's closest allies.
Belarusian President Alexander Lukashenko speaks during a joint press conference at the Kremlin on September 9, 2021 in Moscow, Russia.

During the invasion, Lukashenko has allowed Russian forces to operate from Belarus' border with Ukraine.

In February, Lukashenko spoke to the possibility of Belarusian forces helping Russian troops in the invasion, saying, "Our troops are not there, but if it becomes necessary, if Belarus and Russia need them, they will be there."

After many Western leaders questioned Putin's mental state amid the invasion, Lukashenko rose to his defense, saying Putin is "a completely sane, healthy person."

Lukashenko has also proposed that Belarus and Russia build a joint economic policy after both of their economies were hit hard by sanctions over the invasion.

Here's a look at the major companies exiting Belarus because of its support for Russia's invasion of Ukraine.
Amazon

On March 8, Amazon said it'd stop shipping retail products to customers in Russia and Belarus.

Source: Insider

Amazon Web Services

The company also said it'll stop accepting new Amazon Web Services customers based in Russia and Belarus.

Source: Insider

FedEx
A FedEx driver delivers a cart of packages, Thursday, May 6, 2021, in New York.

The logistics company said on February 27 that it'd suspend all services in Russia and Belarus until further notice.

Source: FedEx

UPS
A UPS truck in Santa Fe, New Mexico.

The same day, UPS also announced its suspension of operations in Russia and Belarus, as well as in Ukraine.

Source: UPS

Deloitte

Deloitte announced on March 7 that it'll no longer operate in Russia and Belarus, where it employs a combined total of roughly 3,000 people.

Source: Insider

Airbnb

Airbnb CEO Brian Chesky announced via tweet on March 3 that the company is suspending all operations in Russia and Belarus.

Source: Insider

Bumble

Alongside the announcement of its fourth quarter and full-year 2021 results, Bumble said it's removing its apps from the Apple App Store and Google Play Store in Russia and Belarus.

Source: Bumble

IKEA

IKEA is pausing operations in Russia and Belarus, the company said on March 3. Many Russian shoppers went to the stores in droves upon hearing the news to stock up ahead of the closures.

Source: Insider

Intel

Intel said on March 3 that it's suspending all shipments to customers in Russia and Belarus.

Source: Intel

Snapchat

Snapchat hasn't entirely pulled out of Russia, but it did say on March 1 that it'd halt ad sales to Russian and Belarusian entities. The app is still up and running in those countries, as well as in Ukraine; in the company's words, it "remains an important communications tool for family and friends."

Source: Insider

American Express

American Express is suspending all of its business operations in Belarus, the company announced on March 6.

It also suspended operations in Russia, saying globally issued American Express cards will no longer work at merchants or ATMs there, and cards issued locally in Russia by Russian banks will stop working outside the country on the company's global network.

Source: Insider

Western Union

The money transfer company said on March 10 that it's suspending operations in Belarus and Russia.

Source: Western Union

KPMG
The logo of KPMG on January 22, 2021 in Berlin, Germany.

On March 6, accounting giant KPMG said its Russia and Belarus firms, which employ more than 4,500 people, would leave its network.

Source: Insider

PwC

The same day, the Financial Times reported that PwC was pulling out of Belarus, where it has 25 employees. The accounting giant also announced that PwC Russia, which has a staff of 3,700, was leaving its network.

Source: Insider, Financial Times, PwC

Electronic Arts

Video game publisher EA said on March 4 that it'll end sales in Russia and Belarus. On March 16, the company added that it'll ban Russian and Belarusian competitors from its e-sports events Apex Legends Global Series and EA Sports FIFA 22 Global Series.

Source: Polygon

Deere & Co.

The manufacturing company has stopped shipping to Russia and Belarus, a spokesperson told Reuters on March 9.

Source: Agriculture.com

Honeywell
Honeywell headquarters.

Industrial conglomerate Honeywell has suspended substantially all of its sales, distribution and service activities in Russia and Belarus, the company announced on March 8.

Source: Honeywell

Read the original article on Business Insider



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