ORLANDO, Fla. — The Walt Disney Company announced Thursday that it would be pausing all business activities in Russia in response to the ongoing crisis in Ukraine.
Disney, which had announced last week that they were pausing the release of its theatrical films in Russia, said the move was in response to the “unrelenting assault on Ukraine and the escalating humanitarian crisis.”
The company said the halt of some business activities will be immediate, while others “will take time given contractual complexities.”
Disney operates several businesses in Russia such as content and product licensing, cruise lines, several content productions and National Geographic magazine and tours.
The company said despite the pause, they still remain committed to their Russian employees.
“Even as we pause these businesses, we remain committed to our dedicated colleagues in Russia, who will remain employed. And we continue to work with our NGO partners to provide urgent aid and other much-needed assistance to refugees,” the company said.
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