“We will continue to monitor the situation and look forward to a quick and peaceful resolution to this tragedy,” a Warner Media spokesperson said. American entertainment company Disney said in a statement, “Due to the invasion of Ukraine and the humanitarian crisis, we are suspending the release of films in Russia. These include the upcoming film Turning Red. We will stop business based on the changing situation.” Will make relevant decisions. In the wake of the great refugee crisis, we are working closely with NGO partners to provide assistance.”
Sony Pictures has also said that it is halting the release of films in Russia, including the upcoming film Morbius. The company said in a statement that this decision has been made due to the situation of military action in Ukraine and the uncertainty and humanitarian crisis caused by it. Many multinational companies have distanced themselves from Russia in the last few days. Facebook, Twitter and Microsoft have limited the information provided by news enterprises linked to Russia’s government. UK petroleum companies BP and Shell have announced their exit from stake in their projects with Russian companies.
Sanctions are being imposed on Russia by many Western countries. This will make it difficult for Russian companies to do business in these countries. If the Ukrainian crisis continues, Russia’s economy may suffer a lot. Russian President Vladimir Putin has also warned about these sanctions. Many countries have also closed their airspace to Russian planes. In response, Russia has also banned the use of its airspace for aircraft from more than 30 countries.
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