Russia sanctions: Which brands are severing ties over Ukraine invasion?
Banks, businesses, oligarchs, politicians and military leaders all targeted with harsh economic penalties by Western democracies as punishment for Vladimir Putin’s actions
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Several months have passed since Russian president Vladmir Putin began his deadly invasion of Ukraine, triggering global condemnation and a raft of sanctions and economic penalties in the hope of bringing the aggressor to its knees by targeting its leaders and tanking its economy.
The Ukrainian military and its people have mounted a heroic resistance since the fighting began, but, more than 100 days on, Russia continues to make gradual incursions in the country’s south and east, destroying whole cities in the process, despite clearly finding the fightback much tougher than anticipated and its own forces less well-prepared and equipped than assumed.
Ukraine’s president Volodymyr Zelensky has meanwhile won the admiration of the world by staying in Kyiv to rally his people and urge heads of state across the globe to keep on donating military hardware and funding to support the defensive effort.
Meanwhile, atrocities carried out by Russian troops on the ground, including against civilian women and children, have been widely documented and provoked outcry as the first trials begin to be held to punish those responsible.
Over 5m Ukrainians have been forced into exile as a result of the war, spilling over into neighbouring countries like Poland, Slovakia, Romania, Hungary ad Moldova to escape the shelling and bloodshed.
The UK has joined a host of other countries in referring Moscow to the International Criminal Court (ICC) as Boris Johnson said Mr Putin “cannot commit these horrific acts with impunity”.
Economic boycotts have been implemented worldwide by countries and institutions to restrict Mr Putin and place financial pressure on the Kremlin to end their invasion.
Here is an ever-growing list of sanctions that have been imposed by countries, businesses and the sporting, arts and music world to date.
UK
Britain started its sanctions programme by imposing financial restrictions on 386 members of the Duma, Russia’s lower house of parliament, after they voted to recognise the independence of Ukraine’s breakaway regions of Luhansk and Donetsk, the prelude to the invasion.
Much of Russia’s financial system has also been hit by UK sanctions, including its largest bank, Sberbank, and the Russian Direct Investment Fund, the country’s sovereign wealth fund, while a £50,000 limit has been placed on bank accounts held by Russian nationals in the UK.
A multitide of Russian companies involved in defence and technology have also been targeted, including Aeroflot and the United Shipbuilding Corporation.
In all, since the invasion began, the UK has sanctioned more than 500 Russian individuals, entities and their subsidiaries now sit on the UK’s sanctioned list.
In its latest round of penalties, Patriarch Kirill, head of the Russian Orthodox Church, and the country’s children's rights commissioner, Maria Lvova-Belova, were both subjected to asset freezes, travel bans and transport sanctions.
Putin allies Sergey Savostyanov and Alexey Isaykin, deputy of the Moscow city Duma and president of the Volga-Dnepr Group respectively, and Russian army four colonels, known to have been engaged in atrocities against civilians at Bucha, were all likewise punished.
“We will not tire of defending freedom and democracy, and keeping up the pressure on Putin, until Ukraine succeeds,” foreign secretary Liz Truss said.
EU
The European Union (EU) has also sanctioned multiple companies and banks.
In a fourth wave of sanctions, the bloc banned the export of any luxury goods from EU countries to Russia and prohibit the import of key goods in the iron and steel sector from the country.
It also proposed a major ban on new European investments across Russia’s energy sector, covering “all investments, technology transfers, financial services, etcetera, for energy exploration and production”.
Alongside UK and US, the European Commission has pledged to remove Russia from the Society for Worldwide Interbank Financial Telecommunication (Swift). The system is used by over 11,000 financial institutions to send secure messages and payment orders.
The EU will also employ restrictive measures that will prevent the Russian central bank from using its international reserves and assets to undermine the economic sanctions.
Additionally, the EU has banned the Russian company, Internet Research Agency, which is engaged win online influence operations on behalf of Russia.
EU Commission president Ursula von der Leyen said: “We will stop Putin from using his war chest.”
Europe has further banned Russian airlines from entering its airspace or using its airports, brought in individual sanctions against Mr Putin, his foreign minister Sergey Lavrov and other members of the Duma and curbed transactions with the Russian central bank.
Brussels has also suspended the broadcasting of state-owned media Russia Today and Sputnik within the bloc.
US
Along with the EU, UK and G7, the US have moved to revoke Russia’s “most favoured nation” status, which will block Moscow from trade benefits the country previously enjoyed.
Additional sanctions against Russia’s central bank have prohibited Americans from doing any business with the institution as well as freezing its assets within the US.
The country also blocked the import of Russian technology, including “semiconductors, telecommunication, encryption security, lasers, sensors, navigation, avionics and maritime technologies”, the White House said in a statement.
Like the UK, America cut off the state-owned Russian Direct Investment Fund, which was seen as a piggy bank for Mr Putin and his inner circle.
Joe Biden’s administration has ordered further sanctions blocking oligarchs, including Mr Putin’s press secretary Dmitry Peskov.
The US State Department also announced it was imposing visa bans on 19 Russian oligarchs and dozens of their family members and close associates.
Others targeted include Nikolai Tokarev, a Transneft oil executive; Arkady Rotenberg, co-owner of the largest construction company for gas pipelines and electrical power supply lines in Russia; Sergei Chemezov, a former KGB agent who has long been close to Mr Putin; Igor Shuvalov, a former first deputy prime minister and chairman of State Development Corporation; and Yevgeniy Prigozhin, a Russian businessman with close ties to Mr Putin.
Australia
The continent set targeted financial sanctions against eight members of the Security Council of the Russian Federation and has imposed travel bans.
Prime minster Scott Morrison said that Canberra was working with the US to impose sanctions on Belarus and key Belarusian entities that have been “complicit in the aggression”.
New Zealand
Prime minister Jacinda Ardern announced sanctions that would give the country the ability to freeze Russian assets in her country, prevent people and companies from moving their money and assets to the country to escape sanctions imposed by other countries, and stop superyachts, ships and aircraft from entering New Zealand waters and airspace.
The PM has also banned exports to Russia’s military and security forces and has blocked more than 100 people from traveling to New Zealand in a list that was made public.
Japan
Aligning with G7, prime minister Fumio Kishida said Japan will limit transactions with Russia’s central bank and cut Moscow from the Swift network.
Like Australia, Japan will also impose sanctions on Belarusian organisations and limit exports there due to the country’s part in the invasion of Ukraine.
The country has frozen the assets of an additional 32 Russian and Belarusian officials and oligarchs.
Taiwan
Taiwan’s Ministry of Foreign Affairs confirmed it will join other countries in imposing economical sanctions on Russia, but has not yet specified what companies it will be targeting.
It comes amid fears China could one day mount its own invasion of Taiwan, a situation with clear parallels to what is unfolding in Eastern Europe.
Switzerland
Though historically neutral, Switzerland has joined the international effort to boycott Russia through economic sanctions.
The country is freezing the assets “with immediate effect” of Mr Putin, Russia’s PM Mikhail Mishustin and Mr Lavrov.
France
Russian-owned luxury sanctions will be targeted by economic sanctions, said French finance minister Bruno Le Maire.
The country’s sanctions will affect financial assets, real estate, yachts and luxury vehicles that belong to Russian individuals.
Businesses
Mercedes-Benz has stopped the imports of its cars to Russia and will cease manufacturing there until further notice.
Two of the big four accounting firms, KPMG and PwC, said they will no longer have a firm in Russia due to the invasion.
The world’s biggest cosmetic company L’Oreal is shutting its stores in Russia and suspending online sales, and cosmetics giant Estee Lauder also announced it will close all concessions and stop shipping make-up to the country.
The owner of Cadbury has reduced operations in Russia while fellow confectionary giant Mondolez, owner of multiple brands such as Oreo, Daim and Toblerone, is scaling back all non-essential business but has not stopped operations completely.
Joining them in the commercial boycott of Russia until further notice are such diverse brands as Yorkshire Tea, Uniqlo, Mothercare, Heineken, Pizza Hut, KFC, Hitachi, PepsiCo, McDonald’s, Starbucks, Kraft Heinz, Kellogg’s, H&M, Burberry, Canada Goose, Chanel, Prada, Hermès, Dior, Givency, Fendi, Bulgari, Inditex, Asos, Boohoo.com, Marks & Spencer, Ikea and Lego.
Adidas has meanwhile suspended its partnership with the Russian Football Union effective immediately while Nike has halted all online sales and Puma has closed its stores.
Apple has imposed a number of measures on Russia, banning sales on its products in the country and stopping all export to its sales channel in Russia. Common services such as Apple Pay have also been restricted there.
Google has also suspended its ad business in Russia and Microsoft, Dell and Adobe have suspended new sales of their products and services in the country.
Video games company Nintendo has joined PlayStation owner Sony in stopping all product sales in Russia.
In the oil industry, Royal Dutch Shell has said it will divest in several ventures with Russian-state owned gas company Gazprom and BP has decided to sell its 20 per cent stake in Russia.
ExxonMobil likewise announced it would not invest in new developments in the country and is leaving its last remaining oil and gas project.
Brazilian plane-maker Embraer has joined Airbus and Boeing in halting parts supplies to Russian airlines and Delta Air Lines suspended its code sharing partnership with Aeroflot.
AirBaltic has suspended all flights to and from the Russian markert, while travel-booking company Expedia have suspended all travel in and out of Russia, joined by Airbnb, which has also suspended all operations in Belarus.
Sports
Fifa and the Uefa Champions League have banned Russian national teams from all international competitions and Uefa has moved the Champions League Final from St Petersburg to Paris.
Formula One has called off the 2022 Russian Grand Prix and the International Olympic Committee has urged sports bodies to exclude the country’s athletes and officials from international events while World Cup skiing events in Russia have been cancelled.
The International Paralympics Committee in turn banned Russian and Belarusian para-athletes from the 2022 Winter Paralympics in Beijing, China.
The International Skating Union said no athletes from Russia or Belarus will be invited or allowed to participate in its events until further notice.
The International Ice Hockey Federation and the National Hockey League have disallowed Russian competitors and the latter has also put a pause on Russian-language social and digital media sites.
The World Karate Federation has relocated its 2022 tournament away from Moscow (a personal blow to Mr Putin, a lover of martial arts) and the World Squash Federation relocated its junior championships away from St Petersburg.
World Taekwondo have banned Russian and Belarusian athletes from competing in tournaments and has stripped the Russian leader of the honorary black belt he was awarded in 2013.
Arts and entertainment
Video game giant Electronic Arts has said it is removing the Russian national team and all of its football clubs from its popular video game FIFA 22.
Sony Interactive Entertainment, manufacturer of PlayStation 5, has suspended all software and hardware shipments, the launch of Gran Turismo 7 and operations of the PlayStation Store in Russia.
Nintendo has also announced it will be halting all exports to Russia for the foreseeable future.
Disney, Warner Bros and Sony Pictures Entertainment, Paramount and Universal said they would pause releases of upcoming films in theatres in Russia, including the release of recent hits like The Batman, Sonic the Hedgehog 2 and new Pixar film Turning Red.
Netflix announced that it would go against Russia’s law to carry 20 propaganda channels and Eurovision has banned the country from entering its annual competition this year, while YouTube has blocked channels operated by Russia Today and Sputnik News.
BBC Studios, All3Media and ITV Studios have stopped doing business with Russia, ending the licensing of shows to Russian broadcasters.
TikTok has restricted access to Russian state media accounts in the EU, joining Meta bedfellows Facebook and Instagram, while Snapchat has stopped advertising sales to all Russian and Belarusian entities.
The Glasgow Film Festival has dropped two Russian films from its line up and the Cannes and Venice festivals said Russian delegations will not welcome at any of their events either.
Spotify has closed its Russian office and removed all content from Russian-owned media.
Music
In response to Russia’s actions, a number of concerts and tours have been cancelled that were scheduled to arrive on its shores.
Bands including The Killers, Green Day, Bring Me to the Horizon and Franz Ferdinand all withdrew from planned live events in Moscow and St Petersburg.
Louis Tomlinson is among the solo artists who have removed Moscow from their world tours, along with artists Yungblud and Nick Cave.
The Independent has a proud history of campaigning for the rights of the most vulnerable, and we first ran our Refugees Welcome campaign during the war in Syria in 2015. Now, as we renew our campaign and launch this petition in the wake of the unfolding Ukrainian crisis, we are calling on the government to go further and faster to ensure help is delivered. To find out more about our Refugees Welcome campaign, click here. To sign the petition click here. If you would like to donate then please click here for our GoFundMe page.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.