U.S. Sports Apparel Giant Nike Fully Leaving Russian Market Over War In Ukraine

Nike to leave Russia permanently

Sportswear giant Nike has announced it will leave Russia, making it the latest Western brand to quit Moscow since its invasion of Ukraine in February. The company has halted online orders there and will close its stores. In response, the Russian government is working on legislation that would punish foreign companies seeking to leave. The proposed changes would allow the government to seize company assets and impose criminal penalties.

Nike to Permanently Leave Russia Following Ukraine Invasion

Nike announced it would temporarily suspend operations in Russia three months ago

Nike to fully exit Russia

(FOX BUSINESS) – Nike is fully exiting Russia, with the sportswear retail giant saying it would scale down operations in the months ahead. "NIKE, Inc. has made the decision to leave the Russian marketplace. Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months," the company said in a statement emailed to FOX Business.In May, the Vedomosti daily reported that the head…

Nike to leave Russia permanently over Ukraine invasion

Sportswear giant Nike has announced plans to permanently shut down its business ventures in Russia over the country’s ongoing invasion of Ukraine.  In an emailed statement to CNBC on Thursday…

Nike to make full exit from Russia due to war in Ukraine

Nike is making a full exit from Russia three months after suspending its operations there, as the pace of Western companies leaving the country accelerates.

Nike to fully exit Russia over its war in Ukraine

Sportswear maker adds its brand to the list of U.S. companies pulling out of the Russian market.