International firms drop Russian markets| MENAFN.COM

Sunday, 03 July 2022 11:07 GMT

International firms drop Russian markets


(MENAFN) As the Russian-Ukrainian conflict comes to almost its fourth month, since started in February, the amount of firms that halted or ended their business trades in Russia has been increasing.

Russia became the globe’s top-listed restricted nation because of its acts on Ukraine that, with reaching beyond even the unexpected. The amount of restrictions set on the nation has got above 10,000 in fields like economy, energy, transport, media, tech, cars, sports as well as trade business.

Exceeding 100 Western firms dropped from the Russian stock or halted their work, making drastic results on at least 14 big sectors in the nation. U.S. technology giants Apple and IBM, software companies Microsoft and Oracle as well as chipmakers Intel and AMD are from the big companies that left the nation after the set of Western ban.

Mercedes-Benz, BMW, and Volkswagen the German and Honda, Toyota, and Mazda, the Japanese are only a few of the international automobile manufacture that made a drop in Russia's car production field.

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