Apple Inc., Ford Motor Co. and Dell Technologies Inc. joined the roster of companies retreating from Russia, while other global businesses, including Volkswagen AG , warned of further supply disruptions following the country’s invasion of Ukraine. Exxon Mobil Corp. said late Tuesday it was halting operations at a multibillion-dollar oil and gas project in Russia and would make no further investments in the country following its attack on Ukraine.
The moves were wide ranging and reflected several dynamics that have played out since Russian President Vladimir Putin invaded Ukraine last week. Some companies have signaled they wanted to take a stand against Russia. At the same time, key parts and commodities that typically flow out of Ukraine, a major agricultural exporter and an auto-parts supplier, have been bottled up inside the country.
