• By The Financial District

6 Global Companies Abandon Russia As Singapore Sanctions Moscow

Six more global companies have stopped operating in Russia in protest over its invasion of Ukraine and Singapore sanctions four Russian banks and banned the exports to Moscow of electronics products, computers, and military items, Ukraine Daily, a publication of Kiev Independent, reported.

Photo Insert: Samsung branding behind the Russian State Library. The company said that shipments to Russia have been suspended "due to current geopolitical developments."

Uniqlo’s parent company will donate $10 million USD and 200,000 clothing items to UNHCR to support people forced to flee Russia's all-out war on Ukraine.

The donation will be used by the UN’s refugee agency to provide urgent assistance such as shelter, psychosocial support, and core relief items to affected populations in Ukraine and neighboring countries.

Samsung Electronics also said that shipments to Russia have been suspended "due to current geopolitical developments." Samsung is also donating $6 million, including $1 million in consumer electronics, to actively support humanitarian efforts, including aid for refugees.

Bloomberg also temporarily halted the work of its journalists in Russia after Russian President Vladimir Putin criminalized independent journalism.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

American IT giants Netscout, Autodesk suspend operations in Russia. Netscout, a top cybersecurity firm, also stopped all sales, support, and services in Russia, leaving many Russian companies open to DDoS attacks. Autodesk, the global design software provider for media, entertainment markets, industrial and civil engineering, has suspended operations in Russia “amid the shock and sadness of this crisis.”

Danish LEGO group has announced an emergency $16.5 million donation to support Ukraine’s children and families. The money will be distributed to the United Nations Children’s Fund, Save the Children, and the Danish Red Cross.

Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

The White House is looking into the potential impact of cutting off imports of Russian oil, US Council of Economic Advisors Chair Cecilia Rouse said. “But what’s really most important is that we maintain a steady supply of global energy,” she said.

Igor Kossov, Anastasiia Lapatina, Illia Ponomarenko, Alexander Query, Asami Terajima, Olena Goncharova, Oleksiy Sorokin, Olga Rudenko, Toma Istomina, Lili Bivings, and Brad LaFoy wrote the Mar. 5, 2022 report of Ukraine Daily.

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