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Nike lays the hammer down on Vladimir Putin, Russia with bombshell decision

Nike, Vladimir Putin, Nike Russia

McDonalds and Starbucks aren’t the only big companies to leave Russia after Vladimir Putin’s horrific attacks on Ukraine. On Thursday, worldwide giant Nike announced they will be leaving the country permanently and have no plans on returning anytime soon.

Nike released this statement on their decision, via CNN:

“Nike has made the decision to leave the Russian marketplace our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months.”

This comes only three months after the company suspended all operations in Russia. There are a total of 100 stores across the country and Nike plans to shut them all down. After Putin’s attacks on Ukraine in March, they banned all online shopping within the country while people were also not permitted to shop at franchise outlets.

For Nike, this doesn’t look like it’ll hit them too hard, though. The company said Ukraine and Russia take up less than 1% of their total worldwide sales. This is just another example of what Putin is doing to his country. More and more notable businesses will continue to take their services elsewhere, which is only going to affect the Russian community.

This decision by Nike will put around 300 employees out of jobs. Cisco has also pulled out of Russia, another huge Western company.