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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

ExxonMobil, Apple, Boeing Latest US Giants to Cut Ties with Moscow

File - ExxonMobil on Thursday announced plans to reduce its workforce by 15 per cent — or more than 14,000 jobs — by the end of 2020. Eric Piermont/AFP via Getty Images

Apple, ExxonMobil and Boeing announced Tuesday in rapid succession steps to withdraw or freeze business in Russia as more US corporate giants take action after the Ukraine invasion.

The moves -- in diverse industries and following earlier announcements by Disney, Ford, Mastercard and others -- highlight the rising economic toll on Russia after its assault on Ukraine unleashed massive sanctions across Western governments, AFP said.

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