Nike is the latest retailer to exit Russia, in a move that represents yet another heavy blow to Russia’s ailing economy.
A number of high-profile names, including McDonald’s, Starbucks, and Coca-Cola, have already pulled out of the country following the invasion of Ukraine.
Russia’s economy is gradually wilting as international sanctions begin to bite. Great scarcity of basic foodstuffs and other vital supplies is expected to increase over the coming weeks and months.
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