DISNEY is halting all business operations in Russia, including the sale of all streaming products and services.
Some of the world’s biggest companies have shut down after being hit by massive outrage over Putin’s war in Ukraine.
Many businesses ceased operations in the country to protest against the invasion.
In a statement, Disney said: “Given the relentless assault on Ukraine and the escalating humanitarian crisis, we are taking action to suspend all other businesses in Russia.
“This includes content and product licensing, Disney Cruise Line operations, National Geographic magazine and tours, local content productions and linear channels.
“Some of these business activities we can and will suspend immediately.”
Disney said it “remains committed” to its “dedicated colleagues in Russia who will remain employed.”
It comes after McDonald’s, which employs 62,000 people in Russia, announced it would temporarily close its 850 restaurants – while Starbucks is suspending operations at 130 stores.
Unlike other major franchise-owned fast food brands in Russia, including KFC, Pizza Hut and Burger King, McDonald’s owns 84% of its Russian locations.
In an open letter to employees, McDonald’s President and CEO Chris Kempckinski said closing those stores, for now, was the right thing to do.
He said: “As we move forward, McDonald’s will continue to assess the situation and determine if further action is needed.
“At this stage, it is impossible to predict when we will be able to reopen our restaurants in Russia.
“We are experiencing disruptions in our supply chain as well as other operational impacts. We will also be monitoring the humanitarian situation closely.”
A Coca-Cola spokesperson said: “Our hearts go out to those who are experiencing the unconscionable effects of these tragic events in Ukraine.
“We will continue to monitor and assess the situation as circumstances evolve.”
Meanwhile, Pepsico Inc announced the suspension of the sale of Pepsi-Cola and global beverage brands in Russia, including 7up and Mirinda.
And a Starbucks spokesperson said: “We continue to watch the tragic events unfold and today we have decided to suspend all business activity in Russia, including shipping of all Starbucks products.
“Our licensed partner has agreed to immediately suspend store operations and will provide support to the nearly 2,000 partners in Russia who depend on Starbucks for their livelihoods.”
The company also announced last week that it had donated royalties from sales in Russia to relief efforts in Ukraine.
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Boycott of Russia
A number of large companies suspend their services in Russia or withdraw from the country
- American Express
- Coca Cola
- Maternal care
- ICT Tac
- Victoria’s Secret
On Tuesday night, the company that owns KFC and Pizza Hut, Yum Brands Inc, said it was suspending investment in Russia and suspending operations at all 70 KFC-owned restaurants in the country.
He is also finalizing an agreement to suspend all operations of the Pizza Hut restaurant in Russia.
Yum has at least 1,000 KFC locations and 50 Pizza Hut locations in Russia, almost all of which are independent franchisees.
This means that Yum does not operate its KFC and Pizza Hut restaurants in Russia.
In a post on its website on Monday, it said it had “suspended all investment and restaurant development in Russia while we continue to evaluate additional options.”
Yum was expected to open about 100 new KFC branches in Russia this year, according to an executive earnings call on Feb. 9, two weeks before the invasion of Ukraine.
It comes like…
On Wednesday, Victoria’s Secret announced that it was temporarily suspending operations in Russia.
Customers will also not be able to buy products online in Russia.
Amazon followed suit – announcing that they are now blocking people in Russia and Belarus from signing up for their web services.
Drew Herdener, a company spokesperson, said, “Given current events, uncertainty, and the lack of credit available in Russia at this time, we are not accepting new Russian AWS customers at this time. .”
On Thursday, Sony announced that it would stop selling PlayStation consoles and suspend the PlayStation Store service in Russia.
“Sony Interactive Entertainment joins the global community in calling for peace in Ukraine,” the company said, as reported by Russian news agency TASS.
The company also suspended all software and hardware shipments to Russia, canceling the launch of the new Gran Turismo 7 game.