(ANSA-AFP) - MOSCOW, JUN 23 - Nike said Thursday it will be
permanently leaving the Russian market and will not reopen its
stores after temporarily shuttering them shortly after Moscow
started a military campaign in Ukraine. The US sports apparel
giant is among a growing list of Western companies -- including
McDonald's and Starbucks -- that decided to pull out of Russia
over Ukraine. "Nike Inc. made a decision to leave the Russian
market... The Nike stores were temporarily closed recently and
will not reopen," the company said in a statement. It added that
its website and app will no longer be available in the country.
Last month, Nike said it will not be renewing licensing
agreements with Russian retailers. Russia's President Vladimir
Putin ordered troops into pro-Western Ukraine on February 24,
triggering unprecedented sanctions and sparking an exodus of
foreign corporations including H and M, Adidas and Ikea.
(ANSA-AFP).
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