The company cited the Russian special military operation in
Ukraine as a reason behind the move.
By now, more than a third of Japanese companies officially
registered in Russia left the country or suspended business operations there
over the situation in Ukraine. Among them are carnakers Toyota Motor and Nissan
Motor, and tire manufacturer Bridgestone. Also, Fast Retailing Co. announced it
was closing its clothes chain, Uniqlo.
On February 24, Russian President Vladimir Putin announced a
special military operation in response to a request for help by the heads of
the Donbass republics. He stressed that Moscow had no plans of occupying
Ukrainian territories, but aimed to demilitarize and denazify the country.
Afterward, the US, EU, UK and some other countries imposed sanctions on Russian
individuals and legal entities.
Several other companies have also suspended business in
Russia over the Ukraine crisis. Most recently, India's Infosys moved its
business out of Russia and said that it would look for alternate options.
Global companies such as Ericsson and Nokia have also stopped supply and sales
in Russia. Laptop/PC maker Acer also suspended business in Russia, and so did
chipmaker Intel.
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