Nike closes business in Russia, Ukraine's Zelenskiy says thanks

Robert Besser
20 Sep 2022, 00:23 GMT+10

Ukrainian President Volodymyr Zelenskiy has thanked American sportswear manufacturer Nike for ending the sales of its products in Russia.
Zelenskiy said he had spoken to Nike officials and thanked them for making what he called the "right decision" to leave Russia.
Nike now joins other major western brands that have stopped conducting business in Russia since its February invasion of Ukraine.

KYIV, Ukraine: Ukrainian President Volodymyr Zelenskiy has thanked American sportswear manufacturer Nike for ending the sales of its products in Russia.

Zelenskiy said he had spoken to Nike officials and thanked them for making what he called the "right decision" to leave Russia.

"This is an example of how business can play a significant role in protecting humanity and freedom," he said in a video address. "If a state chooses the path of terror, it is the duty of every self-respecting company to distance itself from such a state."

Meanwhile, Nike officials told Reuters that it was planning to leave the Russian market back in June. In March, Nike temporarily suspended operations at all its Nike-owned and -operated stores in Russia.

Nike now joins other major western brands that have stopped conducting business in Russia since its February invasion of Ukraine.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sierra Leone Times.

More Information

28 ℃

Mostly Cloudy in Seletar

Business

Section

Boeing delivers 46 narrowbody 737s in November

ARLINGTON, Virginia: This week, Reuters reported that Boeing delivered 46 narrowbody 737s jets in November. The total brings the U.S. ...

U.S. stock markets and dollar jump on employment report

NEW YORK, New York - A positive employment report from the U.S. Bureau of Labor Statistics indicating a fall in ...

By 2026, AT&T to use ORAN technology for 70% of U.S. wireless network

DALLAS, Texas: This week, AT&T said that by late 2026, it will use open radio access network (ORAN) technology for ...

Moody's warns of downgrade in China's credit outlook

NEW YORK: This week, ratings agency Moody's warned that it could downgrade China's credit rating, citing costs to bail out ...

Artificial intelligence stocks all the rage on Wall Street

NEW YORK, New York - AI set the scene for solid gains in technology shares on Thursday. Demand for Alphabet ...

To reduce car-wildlife collisions US allots $110 million to 17 states

WASHINGTON D.C.: To help reduce car collisions with wildlife and help animals safely cross roadways, the U.S. Transportation Department has ...

Africa

Section