McDonald’s said it would go on paying salaries to its 62,000 employees in Russia as it closed 847 restaurants. Universal Music suspended all operations in Russia, and online dating service Bumble will remove its apps from stores in Russia and Belarus. Britain too said it would ban imports of Russian oil but only by gradually phasing them out during 2022 to give businesses time to find alternative sources of supply. Shell’s decision to abandon Russia comes days after it faced a barrage of criticism for buying Russian oil – a transaction that two weeks ago would have been routine. The carmaker had already halted production in Russia and has also suspended production at several factories in Germany as it has struggled to obtain components.

Source: The Star March 09, 2022 21:55 UTC