Boeing, Exxon, Apple join Western firms spurning Russia

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Boeing, Airbus, Apple and Exxon Mobil have joined a growing list of Western companies spurning Moscow over its invasion of Ukraine.

Airbus also stopped sending spare parts to Russia and supporting Russian airlines, but said it was analysing whether its Moscow engineering centre could keep providing services to local customers under Western sanctions.

The measures have hammered the rouble and forced the central bank to jack up interest rates, while Moscow has responded to the growing exodus of Western investors by temporarily restricting Russian asset sales by foreigners. Boeing said it was suspending operations as other aviation companies face growing European and US restrictions on dealings with Russia clients, affecting leasing planes, exporting new aircraft and providing parts.

Apple, which halted sales in Russia, said it was making changes to its Maps app to protect civilians in Ukraine."We are deeply concerned about the Russian invasion of Ukraine and stand with all of the people who are suffering as a result of the violence," Apple said. The increasing focus of investors in environmental, social and governance issues has added pressure on companies to act swiftly in ending ties with Russia and Russian entities.

 

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