Nike to leave Russia permanently

Sportswear giant Nike has announced it will leave Russia, making it the latest Western brand to quit Moscow since its invasion of Ukraine in February.

The company has halted online orders there and will close its stores.

In response, the Russian government is working on legislation that would punish foreign companies seeking to leave.

The proposed changes would allow the government to seize company assets and impose criminal penalties.

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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