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What does Russia’s war on Ukraine mean for U.S. retail?

March 7, 2022

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Twelve days into Russia’s invasion of Ukraine, the most visible impact on U.S. retail appears to be brands suspending operations in Russia, local calls for boycotts of Russian vodka and a spike in gas prices.

Overseas, Apple, Microsoft and Nike have joined a swathe of western firms including IKEA and H&M that have halted Russian operations.

“We are deeply concerned about the Russian invasion of Ukraine and stand with all of the people who are suffering as a result of the violence,” Apple said in a statement.

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