Topline

Sports apparel giant Nike is set to leave the Russian market for good, Reuters reported on Thursday, becoming the latest multinational firm to abandon operations in the country since its invasion of Ukraine.

Key Facts

Nike’s decision to leave the Russian market comes three months after it paused its retail operations in the country.

In an email to Reuters, Nike said it will “responsibly scale down” operations over the coming months while supporting its employees in the country.

This is a developing story.

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