Nike is leaving Russia permanently

Nike Is Leaving Russia Permanently

Nike leaves Russia entirely

Nike Is Leaving Russia Permanently

After temporarily halting its operations in Russia three months ago, footwear giant Nike has decided to leave the country permanently. The company will no longer do business in the country going forward.

Thursday was the day that the official announcement of Nike’s departure was made, and the company stated in its statement that “our goal is to ensure that we are fully supporting our employees as we carefully scale back our activities over the coming months.”

That decision came less than three months after the retail giant closed all its stores in Russia in response to Vladimir Putin’s invasion of Ukraine.

The Swoosh has now joined the ranks of other major corporations such as Starbucks and McDonald’s, both of which have recently said they will also close their business abroad.

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