From delivery services to soccer teams, companies are distancing themselves from Russia over its attack on Ukraine.
U.S.-based corporations with operations in Russia are halting local services in retaliation against President Vladimir Putin’s. FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia, effective immediately. The shippers have also announced the suspension of both inbound and outbound package deliveries in Ukraine, citing a need to prioritize the safety of their employees there. FedEx over the weekend said in a statement on its website that the company is „closely monitoring the situation“ and that it has „contingency plans in place, including temporarily suspending inbound and outbound services to Ukraine and inbound service to Russia until further notice.“ A FedEx spokesperson told CBS MoneyWatch that the shipper continues „to provide domestic and export service in Russia where conditions allow.“ UPS also announced service disruptions due to Russia’s invasion of Ukraine.
