Nike Announces Full Exit From Russia

Nike announced the permanent suspension of business in Russia in response to the country’s invasion of Ukraine on Thursday morning, marking yet another large company’s full exit from business in the country. This comes after the company announced a temporary suspension of operations within Russia as a sign of protest toward Russian President Vladimir Putin that started three months prior.

“Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months,” Nike said in a statement.