Zelenskiy from Ukraine thanks Nike for leaving the Russian market – Bollyinside

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Sept 16 (Reuters) – Ukrainian President Volodymyr Zelenskiy said on Friday he spoke to Nike Inc and thanked the U.S. sportswear maker for making what he called the “right decision” to pull out of Russia.

“This is an example of how businesses can play an important role in protecting humanity and freedom,” he said in an evening video address. “If a state chooses the path of terror, it is the duty of any self-respecting company to distance itself from that state.”

The Ukrainian leader did not provide further details. Nike officials were not immediately available for comment.

Russia calls its actions in Ukraine a “special operation”.

Nike told Reuters on June 23 that it was making a full exit from Russia after saying in March that it would temporarily suspend all of its Nike-owned and operated stores in Russia in response to Moscow’s actions in Ukraine. Read more

Nike joined other major brands, confirming its complete departure from the Russian market. Samsung Electronics Co Ltd (005930.KS), which was Russia’s main phone supplier in the fourth quarter of 2021, froze shipments in early March, citing “current geopolitical events”.

But Izvestia this week quoted a source close to the company as saying sales could resume in October, with equipment being shipped to retailers and the official online store resuming. Samsung said nothing has been decided. Read more

Elaine Monaghan Reporting David Ljunggren & Matthew Lewis Editing

Source: Reuters Trust Principles.

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