Hilton and Hyatt hotels, Carlsberg, Hitachi, Epson, Caterpillar, and Mars also refuse to develop business in Russia

Author

Lesia Solovchuk

Hilton and Hyatt hotels, Mars, Epson, Caterpillar, and Hitachi have joined the companies that refused to work in Russia amid global sanctions imposed over the Russian invasion of Ukraine.

The list of international companies and brands that are fleeing the Russian market continues to grow rapidly.

The previous day, the chain of hotels Hilton and Hyatt announced suspending activities to open new hotels in the Russian Federation, the closure of the corporate office in Moscow, and the intention to send profits from work in Russia to humanitarian aid to Ukraine, the companies reported on social media.

Hilton Hotels & Resorts owns 28 facilities in 20 regions of the Russian Federation. Hyatt Hotels are represented in Moscow, Yekaterinburg, Sochi, Vladivostok, and in Rostov-on-Don, construction is not completed.

Hyatt is also going to provide housing for refugees throughout Europe, send aid to Ukrainians, and support its colleagues in Ukraine and Russia, as they "face problems and uncertainty about their future."

For the same reason, the manufacturer of printers Epson suspended deliveries to the Russian Federation and Belarus. The company has pledged $1 million in humanitarian aid through the UN and the Red Cross.

Epson stated that the group's companies are also concerned about the conflict in Ukraine and the humanitarian crisis in the region.

"We have decided to suspend the export of our products to the Russian Federation and Belarus," the company clarified.

Caterpillar, an American company that produces construction and mining equipment, has announced the halt of its factories in Russia.

"Activities in Russia are becoming increasingly complex, including supply chain disruptions and sanctions, and we are suspending work at our Russian manufacturing facilities," the company stated.

Beer producer Carlsberg also shuts down production.

"We will cease production and sale of our flagship brand Carlsberg in the Russian market. The Baltika breweries will be run as a separate business to support our employees and their families," the company reported.

The American company Mars has decided to suspend all its advertising campaigns in the Russian Federation and Belarus and temporarily stop investing. Mars produces both chocolate bars of the same name and other products—Bounty, Milky Way, Twix bars, M&M's chocolates, and Skittles dragees. The firm also owns the chewing gum brands Orbit and Wrigley's and the pet food brands Pedigree, Royal Canin, and Sheba.

The Japanese corporation Hitachi is temporarily folding its operation in the Russian Federation. The exception will be the production and technical support of electrical systems and electrical equipment.