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February 28, 2024
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Business

Western businesses cut some Russia ties over Ukraine invasion

Published by
Reuters UK

By Ross Kerber (Reuters) – Some Western companies severed their ties with Russia on Friday, and others studied whether and how to do so, as President Vladimir Putin’s invasion of Ukraine triggered sanctions and pressure to abandon some business dealings. European sports and entertainment businesses were among the first to announce such moves. Premier League club Manchester United withdrew the sponsorship rights of Russian airline Aeroflot, Formula One canceled the 2022 Russian Grand Prix, and organizers of the Eurovision song contest said Russia would not be allowed to participate in this year…

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