The Ukrainian President Volodymyr Zelenskyy made another attempt to urge U.S. companies to leave Russia for its aggression against Ukraine and added that they should set up in Ukraine instead.
“I’d like companies to consider not only the option of leaving Russia, but also finding their place in the Ukrainian economy,” said Zelenskyy to U.S. and global business leaders, including those from Citigroup, Pfizer, IBM and Liberty Media, at the Yale CEO summit via video conference, adding that by doing this will be a powerful sign of support.
Moreover, the Ukrainian president also encouraged leaders to not pay Russian taxes, saying that the money will be used to finance Russia’s war machine.
This is not the first time that Zelenskyy has urged U.S. companies to withdraw their businesses from Russia.
“All American companies must leave their market immediately because it is flooded with our blood,” said Zelenskyy back in March to the U.S. Congress.
At the time, he also urged the U.S. President Joe Biden to escalate financial punishments on Russia.
Since the initiation of Russian special operations in Ukraine, many companies have either exited, scaled down their businesses or suspended services in Russia.
McDonald announced its final exit in May, Adobe, Airbnb, Amazon, Apple, BMW, Ford, GM, Honda, IBM and Disney etc. have either suspended their services or scaled down their operations in Russia.
Meanwhile, European Union leaders also agreed in principle to cut 90% of oil imports from Russia by the end of 2022 for the Kremlin’s action in invading Ukraine. Roughly 36% of the EU’s oil imports come from Russia.
According to an article from The Economist back in May, the publisher stated that roughly 1,000 international firms had reduced their operations in Russia since the war outbreak in February. Many reported significant forfeiture of assets, while greater losses were expected in the future.
However, companies continue to shun Russia one way or another in a sign of their support for Ukraine and against Russian aggression.
Still, there are other 20 countries currently at war in 2022 that no one or only a few are talking about as of late, according to worldpopulationreview.com