Levi’s, a Cold War Emblem, Suspends Operations in Russia
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Denim company Levi Strauss & Co. is temporarily suspending commercial operations in Russia, where it gets about 2% of its sales, almost two weeks after the invasion of Ukraine.
The company said in a statement Monday that the “enormous disruption occurring in the region” has made it “untenable” to conduct business as normal. It is also donating more than $300,000 to nonprofit groups providing humanitarian aid to refugees in Eastern Europe.