Zara, Paypal and Samsung suspend business in Russia
- Update Time : Sunday, March 6, 2022
- 57 Time View
Zara, Paypal and Samsung are the latest international firms to suspend trading in Russia after it invaded Ukraine.
The clothes retailer’s owner, Inditex, will shut all 502 stores of its eight brands, including Bershka, Stradivarius and Oysho, from Sunday.
Payment giant Paypal cited “violent military aggression in Ukraine” as the reason to shut down its services.
Samsung – Russia’s top supplier of smartphones – is suspending shipments over “geopolitical developments”.
Other global brands, including Apple, H&M and Ikea, have already stopped selling in Russia.
The clothes store closures are expected to hit more than 9,000 of Inditex’s employees who work in Russia.
M. Abid Rahman, Chairman, Editorial Board
M. Abid Rahman, Executive Editor
A K Azad, Bangladesh Bureau Chief
The Weekly Bangladesh NY SANGBAD INTL. INC.
64 Central Ave. Garden City, NY 11040
Tel: 516-491-4207, E-mail: newswbny@gmail.com