Global Businesses Operating in Russia Are: Suspending. Severing Ties. Closing. Exiting. Stopping. Pausing.

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Giant global businesses in every sector are suspending, severing ties, closing, exiting, stopping or pausing activities in Russia following the invasion of Ukraine.

Why it matters: In addition to condemning the invasion, the companies see an impossible environment — from worker safety to the logistics of getting supplies, financial and sales disruption and the complexity of complying with sanctions.

Learn more on what has happened since the invasion began.

What Do You Do When There Is a Massive Movement That Says #BoycottXXXXX? (Fill In Your Company Name)

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McDonald’s and Coca-Cola are closing their Russian operations.  McDonald’s CEO Chris Kempczinski sent a note to staff yesterday afternoon (3/8/22) saying, “Our values mean we cannot ignore the needless suffering unfolding in Ukraine.” 

Is it really about McDonald's values? 

#BoycottMcDonalds had become a trending Twitter topic, and the Golden Arches ultimately decided to fold.  Kempczinski said the company will continue to pay its Russian employees.

When a company decides to pull out of a country is it because revenues are imploding?  People are suffering?  Customers are boycotting your brand?  Or, just no other choice than to get out?  

Today in Global Small Business: Can Putin Recover From This?

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What's affecting me, my clients, my colleagues and other global small business owners:

• Can Putin recover from this?
• What if Russian wins?
• 5 ways the aggression in the Ukraine can end.
• Quote of the week: "I am a citizen of the world, and also a citizen of Ukraine." – Victor Pinchuk
• Moscow's troops are facing stiff resistance and logistical challenges over its invasion to the Ukraine.
• Tracking the Russian invasion of Ukraine.
• Test of the West on a course-correct on Putin.