Nike Exit from Russia:

Global footwear brand Nike is pulling out completely from Russia after three months of suspending its operations.

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Nike itself said on March 3 that it would temporarily suspend operations at all of its Nike stores in Russia.

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Nike further said that stores operated by independent partners are still open but their agreements will be suspended further.

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Networking company Cisco has also started shutting down its operations completely in Russia and Belarus.

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McDonald's and Starbucks are among the big partners that have finalized plans to leave Russia in recent weeks.

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Let us tell you that the companies of western countries are continuously leaving Russia due to Ukraine-Russia war.

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Let us tell you that Nike has more than 50 stores in Russia, a third of them have been closed after the Ukrainian War.

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Sportswear company Nike said in an official statement that, "Nike has decided to leave the Russian market."

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