Russian President Vladimir Putin has also been the direct target of sanctions, with the U.S. and other Western allies voted to remove some Russian banks from SWIFT, and executed other rounds of sanctions on Russian financial institutions. The international fallout comes as the U.S. The Eurovision song contest barred Russia from competing this year, and Formula 1 canceled the Russian Grand Prix. The International Olympics Committee requested that sports organizations around the world ban Russian and Belarusian athletes from competing. Organizations around the world are also taking action against Russia. Hotel group Accor and food company Mars are among the few multinational companies that are still doing business in Russia (Read more here). Oil giant BP divested a roughly 20% stake in Russian oil company Rosneft February 27, and announced the immediate resignation of two BP-nominated Rosneft board members, with BP chair Helge Lund calling Russia’s attack on Ukraine an “act of aggression” and saying BP’s “involvement with Rosneft, a state-owned enterprise, simply cannot continue.” Tangent
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