Zara, Paypal and Samsung suspend business in Russia because of the Ukraine crisis

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Russia’s 86 Zara stores start closing from today.‎
The clothes retailer’s owner, Inditex, will shut all 502 stores of its eight brands, including ‎Bershka, Stradivarius and Oysho, from this Sunday.‎
Payment giant Paypal suspended business in Russia.‎
Samsung – Russia’s top supplier of smartphones – is suspending shipments over ‎‎”geopolitical developments”. Samsung products ranging from chips to smartphones and ‎consumer electronics have been suspended.‎

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.‎
‎”In the current circumstances Inditex cannot guarantee the continuity of the operations ‎and commercial conditions in the Russian Federation and temporarily suspends its activity,” ‎the Zara owner company said‎

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