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It made the decision to do so eight hours before Airbus and was the first western aircraft manufacturer to do so. It added that the Airbus Engineering Centre in Russia (ECAR) has put all its operations on hold in line with sanctions, but “regarding engineering services ECAR provides to its Russian customers, ECAR is analyzing the export control sanctions to determine if this activity can be maintained in line with the sanctions.” Boeingīoeing announced late on Tuesday it suspended parts, maintenance and technical support for Russian airlines and ceased all of its operations in Moscow. “In line with international sanctions now in place, Airbus has suspended support services to Russian airlines, as well as the supply of spare part to the country,” the company said in a statement. rival, Airbus said it was analyzing whether its Moscow engineering center would have be shut down under current sanctions.
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The decision to cut ties with Russia follows Boeing’s decision from a day earlier, but unlike its U.S. AirbusĪirbus on Wednesday announced it would stop sending spare parts to Russia and would end its support of Russian airlines.
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Grant Thornton became the first large professional services firm to cut ties with its Russian auditing unit on Wednesday-a decision that was not followed by the other consultancy firms Bain, McKinsey, and Boston Consulting Group (BCG), nor the Big Four accounting firms.Īs part of its decision to exit Russia, Grant Thornton is dropping its ties with FBK, its Russia-based 500-person team that previously audited Russia state-owned oil company Gazprom, citing “the conflict in Ukraine”. After the announcement, ASOS’s share price slid 10% in London trading. The fast fashion retailer’s decision to exit Russia was shortly followed by online fashion retailer ASOS also halting sales to Russia, saying on Thursday it is “neither practical nor right” to continue doing business there. H&M stores in Ukraine have also been temporarily closed for “the safety of customers and colleague,” H&M said in a statement. The car giant, which comprises 10 brands including Audi, Lamborghini, Bentley and Porsche, has slammed the breaks on production of its vehicles in Russia.
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The luxury fashion house is “deeply concerned by the situation in Europe”, according to a brief LinkedIn statement, and will temporarily shut down its stores and halt commercial operations in Russia. Ikea has 17 stores in Russia and the move to pause operations will have a direct impact on 15,000 workers, according to a company statement. The Swedish furniture giant has closed all stores in Russia and has stopped sourcing materials from the region and neighboring Belarus. and other countries had made business within Russia difficult. Chesky had earlier said that sanctions imposed by the U.S. Minsk, the capital of Belarus, has just over 1,800 active short-term rentals. Russia has more than 90,000 active short-term rentals across various platforms, according to data provided by market research firm AirDNA. The accommodation-sharing company is suspending its operations in Russia and Belarus, Chief Executive Officer Brian Chesky said in a tweet.
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“We have no choice but to suspend livestreaming and new content to our video service while we review the safety implications of this law,” the company announced in a series of tweets.