Nike has announced plans to leave Russia, becoming the latest Western brand to do so since the February invasion of Ukraine.
In March, the US sportswear behemoth halted online orders and closed its stores in the country.
Local partners’ shops continued to operate, but the firm is winding down those agreements.
Cisco also announced that it would begin to phase out operations in Russia and Belarus.
McDonald’s and Starbucks are two other companies that have finalized plans to leave in recent weeks.
“Nike has made the decision to leave the Russian marketplace,” the company said in a statement. “Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months.”
Russia has grown increasingly economically isolated since the invasion, as the West and allies impose sanctions and international companies head for the exits.
