Many foreign companies operating in Ukraine are now working to support the country, according to Investment Monitor.
- Dmytro Symovonyk, managing director of Citadel Capital in western Ukraine’s largest city, Lviv, said “Yesterday, I spent my Sunday preparing mixes for Molotov cocktails on the premises of Trotolla, a clothes manufacturer [that supplies brands such as Zara],” Symovonyk told Investment Monitor, matter-of-factly. “A friend of mine who works for a foreign company selling car parts, he is giving his vehicle batteries to military forces and volunteers. We are hearing stories like this all the time.”
- Spain-based Glovo delivery services is creating ‘support bubbles’ for Ukraine’s armed forces, while also donating to the Red Cross, which is providing humanitarian assistance across Ukraine, according to Nataliya Popovych, co-founder of the Ukraine Crisis Media Center.
- Denmark-based NovoNordisk is supplying critically needed medicines, while Vodafone has added 1,000 minutes of call time to all Ukrainian clients with small packages, as well as ten gigabytes of free internet for the next 30 days. This comes just as Elon Musk’s SpaceX began beaming free internet over Ukraine via his satellite internet service, Starlink.
- KFC and McDonalds have closed their restaurants in Ukraine due to security concerns, but have kept their kitchens open in order to provide food for local community councils, the army, hospital workers and volunteers.
- See more efforts here.
And, below is an updated list, as reported by CNN, of companies that have suspended all or part of their operations in Russia:
Automotive sector: Ford, GM, Toyota, Volkswagen, Nissan
Aviation: Boeing, Airbus
Tech: Apple, Facebook/Meta, Twitter, Netflix, Spotify, Roku, YouTube/Google, Airbnb, Intel, Microsoft, IBM, Amazon
Consulting: Accenture, Deloitte, EY, KPMG International, PriceWaterhouseCoopers
Energy: BP, Equinor, Exxon, General Electric, Shell, TotalEnergies
Finance: Norway (sovereign wealth fund), Mastercard, Visa, American Express, Moody’s
Media and entertainment: DirectTV, Disney, WarnerMedia
Retail: H&M, Heineken, Ikea, Inditex/Zara, Mothercare, Puma, Prada, Procter & Gamble, Estee Lauder, Yum Brands, McDonald’s
Shipping: UPS, FedEx, DHL, Maersk, MSC Mediterranean Shipping Co
Trains: Alstrom