// Nike will be exiting from Russia three months after suspending operations there following the country’s invasion of Ukraine
// The business has more than 50 stores in Russia and about a third are currently closed according to its website
Back in March the sportswear giant initially halted online orders and closed the stores it owned in the country and while store operated by local partners have continued to trade, the company said it is winding down those agreements.
Nike has now joined a host of other major Western brands, including McDonald’s and Google, in confirming it will leave the country completely.
“Nike has made the decision to leave the Russian marketplace,” the company said in a statement.
“Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months.”
Nike has more than 50 stores in Russia, about a third of which are closed, according to its website while the company previously disclosed that Russia and Ukraine together accounted for less than 1% of the company’s revenue.
Historically, the sporting giant has not hesitated to take a stand on social and political issues.
Last year it supported American football quarterback Colin Kaepernick in his decision to kneel during the U.S. national anthem as a protest against racism and dropped Brazilian soccer star Neymar last year because he refused to cooperate in an investigation into sexual assault allegations.