Energy:

BP PLC: BP PLC announced its divestment from Russian oil giant Rosneft in which it holds a 19.75% stake. The British government immediately welcomed the decision to stop operations in Russia. "The decision to exit Rosneft will cost BP a lot of money, but the shocked board clearly felt it had no choice but to pay the full price and distance its operations from Russian aggression," commented Susannah Streeter, an analyst at Hargreaves Lansdown at the time.

Shell PLC: Shell will transfer profits from Russian oil to a fund to provide humanitarian aid to Ukraine.

Fortum: Fortum has stopped all new investment projects in Russia following the country's attack on Ukraine, President and CEO Markus Rauramo said Thursday. The Finnish energy company, together with its Uniper unit (UN01.F), owns 12 power plants in Russia with a combined electricity generation capacity of 15.5 gigawatts and heat generation capacity of 10.2 gigawatts. Rauramo said all of the company's operations were running normally, adding that it will continue to reduce its thermal exposure in Russia.

Technip Energies: "We have stopped working on any new business opportunities in Russia and are confident in the strength of Technip Energies' global and diversified business,"

OMV: OMV has announced that it will not buy shares in a project with Gazprom in Russia. "The Board of Directors has decided not to continue negotiations with Gazprom on the potential acquisition of a 24.98% share in blocks 4 and 5 of the Achimov fields" located in Siberia, in one of the world's largest gas fields, the group announced in a brief statement without detailing the reasons. The agreement, which had been signed in 2018 for a sum of 905 million euros and had subsequently suffered setbacks, is therefore terminated. OMV "will also review its participation" in the controversial Nord Stream 2 gas pipeline, built but abandoned by Germany and sanctioned by the United States.

Eni: A spokesman for Eni announced that the group would withdraw from the company behind the Blue Stream gas pipeline linking Russia to Turkey through the Black Sea. Eni has a 50% stake in the Blue Stream venture.

 

Consumer cyclical:

WPP: WPP announced that it is ending its operations in Russia, a decision that will impact nearly 1,400 employees in the country. Russia accounted for 0.6 percent of the company's revenue, less overhead, in 2021, it said. WPP said its board concluded that its "continued presence in Russia would be inconsistent with our values as a company."

Puma: German sports equipment maker Puma has announced the temporary closure of all its stores in Russia, following other clothing brands such as Spain's Inditex, owner of Zara. The brand with the cougar now has "more than 100 points of sale" in Russia, according to a spokeswoman. Its sales there represent "less than 4% of the total" consolidated which amounted to 6.8 billion euros in 2021.

Adidas: Adidas has suspended sponsorship of its kits with the Russian soccer federation with immediate effect after that country invaded Ukraine, The Independent reported.

Hermes, LVMH and Kering: Hermes, LVMH and Kering announced that they will temporarily close their stores in Russia.

Nike: Nike announced that it will temporarily close all its stores in Russia.

Ford: Ford decided to suspend its participation in a joint venture manufacturing Transit vans in the country.

General Motors Company: General Motors has stopped its car exports to Russia until further notice.

Walt Disney: Disney and WarnerMedia have suspended the release of their next film in theaters in Russia, including Pixar's upcoming Red Alert and the latest Batman.

 

Technology:

Apple: Apple announced that it has suspended the sale of all its products in Russia after stopping exports to the country. The maker of iPhone phones, Mac computers and iPad tablets has also limited certain services such as its Apple Pay payment solution and removed the applications of Russian state media RT and Sputnik from its AppStore.

Intel: Intel announced it is suspending all shipments to Russian and Belarusian customers, and condemned Russia's invasion of Ukraine. "We are working to support all of our employees and especially those with close ties to this region," the company says, assuring that it has raised $1.2 million via a donation campaign for relief efforts in the region. "We will continue to stand with the Ukrainian people and the global community to demand an immediate end to this war and a swift return to peace," the firm concluded.

SAP: SAP said it will cease operations and halt all sales of its services and products in Russia due to the ongoing invasion of Ukraine. The German software giant added that it fully supports all sanctions to date and is in close contact with various governments around the world.

Airbnb: The vacation rental company's CEO Brian Chesky said in a Twitter post that Airbnb was suspending all operations in Russia and Belarus, which have been subject to sanctions and convictions for the attack. Earlier in the week, Chesky announced on Twitter that the company would provide free temporary housing to up to 100,000 Ukrainian refugees in neighboring countries, funded by itself, donors and hosts via Airbnb.org.

Prosus: "Our primary concern is the well-being of our employees and we continue to support all our employees in the region."Due to the sanctions imposed on Russian entities, including the CEO and indirect shareholders of VK Group, Prosus encourages and asks "its directors on the VK board to resign from their positions."

Cisco Systems: According to MarketWatch, the CEO of Cisco Systems said in a letter to staff that the company is ceasing all operations in Russia and Belarus and will "focus on supporting its Ukrainian employees, customers and partners."

Accenture: Accenture plc stands with the people of Ukraine and with governments, businesses and individuals around the world who are calling for an immediate end to the illegal and horrific attack on the Ukrainian people and their freedom. As a result, Accenture plc is terminating its operations in Russia.

Visa: Visa has announced that it will suspend its operations in Russia. Visa will work with its customers and partners in Russia to cease all Visa transactions over the next few days. Once completed, all transactions initiated with Visa cards issued in Russia will no longer work outside of the country and all Visa cards issued by financial institutions outside of Russia will no longer work in the Russian Federation. "We regret the impact this will have on our colleagues, as well as the customers, partners, merchants and cardholders we serve in Russia," said Al Kelly, CEO of Visa.

Mastercard: The group says the move stems from the recent action to block several financial institutions' access to the Mastercard payment network, as required by global regulators. With this action, cards issued by Russian banks will no longer be supported by the Mastercard network, regardless of where they are used - inside or outside Russia. In addition, any Mastercard card issued outside the country will not work at Russian merchants or ATMs. Mastercard has been operating in Russia for over 25 years. ' We have nearly 200 colleagues there who make this business so vital to many stakeholders. As we take these steps, we will continue to focus on their safety and well-being, including continuing to pay their salaries and benefits," the company said.

American Express: American Express has announced the suspension of its activities in Russia and Belarus, following the example of Visa and Mastercard. American Express cards issued worldwide will no longer work at merchants or ATMs in Russia. In addition, cards issued locally in Russia by Russian banks will no longer work outside the country on the American Express global network. The payment company has also suspended all business operations in Belarus.

Netflix: American streaming video specialist Netflix has suspended its service in Russia, while social network TikTok has announced that it will suspend the ability to post new videos in the country. The two groups join many other media and technology companies that have decided to pull out of Russia after the invasion of Ukraine.

 

Industrial stocks:

Airbus: Airbus has suspended its support services to Russian airlines as well as the supply of spare parts, "in accordance with the international sanctions in force."

The Boeing Company: The group announced that it will suspend its operational services to Russian airlines (spare parts, maintenance and technical support) as well as "major operations" in Moscow. The company also temporarily closed its office in Kiev. "While the conflict continues, our teams are focused on the safety of our teammates in the region," Boeing said in a message sent to AFP. This decision could quickly pose a problem for Aeroflot, which has 59 Boeing aircraft in its fleet, according to its website.