The Clap Nike & Cisco will completely exit their Russia businesses in light of the continuing Russian war in Ukraine.
The Deets Both companies, like several others at that time, paused their Russia operations last March. Now both companies have followed McDonald’s footsteps in completely exiting their Russia operations.
Why this matters Russia is in the process of enacting laws that would allow the Russian government to seize assets & impose penalties on foreign companies looking to exit Russia. This has accelerated the exit of companies even more.