MOSCOW, March 8. /TASS/. Foreign companies temporarily suspend operations or leave the Russian market following Russia’s special operation in Ukraine.
Procter & Gamble, corporation specializing in consumer goods, stops investing in Russia and reduces the list of products supplied to the country due to the situation around Ukraine, the company’s press service announced. The corporation has 65 brands around the world, including Pampers diapers, Ariel and Tide detergents, as well as Always, Tampax, Gillette, Head & Shoulders, Old Spice, Pantene personal hygiene and care products.
Adidas will suspend the operation of its stores and online sales in Russia until further notice, according to radio station BR24 announced this on Monday. Earlier, Adidas ended the partnership agreement with the Russian Football Union.
IBM has completely suspended its work in Russia in connection with the events in Ukraine, CEO of IBM Arvind Krishna said on Tuesday. He noted IBM helps the company's employees leave Ukraine, and will also send contributions to funds to help refugees from this country.
Retail chain of for construction and household goods OBI, headquartered in Germany, ceased operations in Russia, according to DPA agency. In total, OBI has 48,000 employees and 670 stores in 11 countries. The first OBI stores in Russia opened in 2003 in Moscow. Tengelmann Group is OBI's parent company.
Fitch Group decided to suspend its commercial activities in Russia. The suspension concerns credit ratings and other services provided by Fitch Group through its divisions Fitch Ratings and Fitch Solutions, according to the agency's website. The agency noted that they are committed to supporting their employees working in the Russian Federation.
Meanwhile, international rating agency S&P downgraded the credit ratings in local and foreign currencies of more than 50 largest Russian companies in the fuel and energy complex, construction, communications. S&P downgraded to "C" and "CCC-" the ratings of a number of major Russian companies, including Gazprom, Rosneft, Alrosa, and X5 Group, with negative outlook.