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HomeBusinessBoeing, Exxon, Apple join Western firms spurning Russia over Ukraine

Boeing, Exxon, Apple join Western firms spurning Russia over Ukraine

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March 2 (Reuters) – Boeing (BA.N) suspended maintenance and technical support for Russian airlines and U.S. energy firm Exxon Mobil (XOM.N) said it would exit Russia, joining a growing list of Western companies spurning Moscow over its invasion of Ukraine.

Airbus (AIR.PA) also stopped sending spare parts to Russia and supporting Russian airlines, but said it was analysing whether its Moscow engineering centre could keep providing services to local customers under Western sanctions.

U.S. tech giant Apple (AAPL.O) said it had stopped sales of iPhones and other products in Russia, while Ford Motor (F.N) joined other automakers by suspending operations in the country.

Western nations have steadily ratcheted up sanctions on Russia since it invaded Ukraine last week, including shutting out some Russian banks from the SWIFT global financial network.

The measures have hammered the rouble and forced the central bank to jack up interest rates, while Moscow has responded to the growing exodus of Western investors by temporarily restricting Russian asset sales by foreigners.

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