Nike exits Russia for good

Nike exits Russia for good
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KUALA LUMPUR (June 24): US-based footwear and apparel producer Nike has decided to leave Russia.

The company on its website on Thursday (June 23) said it had made the decision to leave the Russian marketplace.

“ and the Nike mobile app will not be available in this region anymore.

“The Nike stores have been temporarily closed recently and will not reopen," it said.

Nike confirmed this May that it would not renew and make new agreements with Russian partners.