• Partners
  • Privacy Policy
  • About us
  • Contact us
Sunday, June 1, 2025
  • Login
Digital Boom
  • News
  • Startups
  • Marketing
  • Ad Campaigns
  • Tech
  • How-to Guides
  • Insights
  • Culture & Media
No Result
View All Result
  • News
  • Startups
  • Marketing
  • Ad Campaigns
  • Tech
  • How-to Guides
  • Insights
  • Culture & Media
No Result
View All Result
Digital Boom
No Result
View All Result
Home News & Trends

Zara, Paypal, Samsung suspend business in Russia

Dana Khammash by Dana Khammash
March 7, 2022
in News & Trends
Reading Time: 2 mins read
10
A A
Zara, Paypal, Samsung suspend business in Russia
351
VIEWS

Zara, Paypal, and Samsung have suspended operations in Russia over the Ukraine invasion joining a long list of western companies who try to put pressure on Russia to stop the war.

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 said that “violent military aggression in Ukraine” is the reason to shut down its services, and over “geopolitical developments,” Samsung – Russia’s top supplier of smartphones – is suspending shipments.

Other global brands, including Apple, H&M, and Ikea, have stopped selling in Russia. The clothes store closures are expected to hit more than 9,000 of Inditex’s employees who work in Russia.

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

Adam Cochrane, an analyst at Deutsche Bank Research, said that “logistical difficulties and the weakness in the rouble – resulting in large price increases for the Russian consumer – would make “operations difficult for all retailers importing into Russia.”

Online payments company Paypal has also shut down services in Russia but said it would support withdrawals “for a while.” to ensure that account balances were dispersed “according to applicable laws and regulations.”

The Ukrainian government called on Paypal to quit Russia and help its officials fundraising. While H&M cited “tragic developments” in Ukraine, other brands like Nike have said they can’t currently guarantee delivery of goods to customers in Russia.

Russia was the fifth largest European retail market in 2021, valued at £337.2bn. Some brands may not want to burn their bridges if there’s a chance of returning later; that is why many firms, including luxury retailers like Burberry and Chanel, say they are “suspending” sales and temporarily shutting stores rather than withdrawing altogether, says Chris Weafer, chief executive of consulting firm Macro-advisory Limited.

The other brands that have suspended their business in Russia are Apple, Ikea, H&M, Boohoo, Rolls Royce, Jaguar Land Rover(JLR), General Motors, Aston Martin, Netflix.

Previous Post

Dubai-based BNPL platform tabby raises $104M in series B

Next Post

Apple Suspends App Store Search Ads in Russia

Dana Khammash

Dana Khammash

Based in Amman, Jordan, Dana Khammash is a culture and media writer at Digital Boom. She explores the evolving landscape of entertainment across the Arab world, with a focus on drama, streaming, and cultural trends. Known for her creative perspective and sharp editorial voice, Dana brings depth and nuance to stories that reflect the region’s changing media narrative. Her work bridges the worlds of pop culture and social context, offering readers a fresh lens on the stories shaping MENA's creative industries.

Uber Launches Uber One in Egypt to Strengthen Customer Loyalty
Tech

Uber Launches Uber One in Egypt to Strengthen Customer Loyalty

by Ahmed Maher
May 27, 2025
0

Uber has officially launched its global subscription program, Uber One, in Egypt, offering ride-hailing users exclusive benefits such as ride...

Read moreDetails
Builder.ai Ceases Operations After $1.3 Billion Valuation Collapse

Builder.ai Shuts Down After Layoffs and Investor Pullout

May 28, 2025
How to Become LLM-Ready in 2025: A Guide for Publishers

Publishing for Machines: The 2025 Guide to LLM-Ready Content

May 26, 2025
Thndr Raises $15.7M to Expand into Wealth Management in MENA

Thndr Raises $15.7M to Expand into Wealth Management in MENA

May 26, 2025
Twitter History: Key Moments and Evolution from 2006 to Now

The History of Twitter: Key Milestones and Major Changes

May 23, 2025
  • Partners
  • Privacy Policy
  • About us
  • Contact us

© 2025 Digital Boom, Inc. - All Copyrights Reserved. The Middle Easy Marketing & Advertising Homepage.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
  • Startups
  • Marketing
  • Ad Campaigns
  • Tech
  • How-to Guides
  • Insights
  • Culture & Media

© 2025 Digital Boom, Inc. - All Copyrights Reserved. The Middle Easy Marketing & Advertising Homepage.