American multinational music cooperation Universal Music Group NV (AMS: UMG) has declared it will be suspending its operations Russia and close its offices in the country. A number of multinational companies have been pulling their operations out of Russia protesting Russia invasion into Ukraine and UMG has joined the bandwagon.
“We urge an end to the violence in Ukraine as soon as possible. We are adhering to international sanctions and, along with our employees and artists, have been working with groups from a range of countries (including the U.S., U.K., Poland, Slovakia, Germany, Czech Republic and Hungary) to support humanitarian relief efforts to bring urgent aid to refugees in the region,” said UMG.
Several players from the west in the music and larger entertainment industry have been taking similar move to show displease with Russia’s actions against Ukraine. Less than week ago, widely used music streaming platform Spotify, closed its offices in Russia as a response to what it termed ‘Moscow’s unprovoked attack on Ukraine.’