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Why companies cutting ties to Russia may only have a limited effect, experts say

Why companies cutting ties to Russia may only have a limited effect, experts say

ABC News
Sunday, March 06, 2022 01:19:33 PM UTC

The Russian invasion of Ukraine has forced several American companies to pause their services in Russia. Business experts say these moves are more symbolic.

In light of Russia's unprovoked invasion of Ukraine, many major American and Western companies have decided to drop their presence in the region.

In the last two weeks, movie studios Warner Brothers, Sony Pictures and Disney, the parent company of ABC News, have dropped future movie releases in Russia. Ikea shut down all Russian stores and production operations. Microsoft and Apple have ceased all sales, including game consoles and phones, in the country as well.

On Saturday, Visa and Mastercard announced they would stop Russian operations.

That list is expected to grow as the conflict continues and consumers look for companies to take a stand on the invasion, business experts told ABC News.

Read full story on ABC News
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