U.S. corporations suspend business in Russia, citing war with Ukraine
CBSN
U.S.-based corporations with operations in Russia are halting local services in retaliation against President Vladimir Putin's invasion of Ukraine.
FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia, effective immediately. The shippers have also announced the suspension of both inbound and outbound package deliveries in Ukraine, citing a need to prioritize the safety of their employees there.
FedEx over the weekend said in a statement on its website that the company is "closely monitoring the situation" and that it has "contingency plans in place, including temporarily suspending inbound and outbound services to Ukraine and inbound service to Russia until further notice."
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