Top brands like Coca-Cola, Starbucks, Apple, Nike, Dell, Spotify, Ford, Nissan, and loads more prominent international businesses have suspended their trade in Russia. Some have pulled out of the country altogether.
Some respectable names in the online gambling industry have withdrawn their services from Russia despite their legal licenses to operate there. Some of the big hitters include Bet365 Sportsbook, Parimatch, and PokerStars.
The poker site went through major regulatory changes in the country last year to accommodate Russia’s evolving stance on online gaming. It launched its ‘Sochi’ site in 2021 but closed services to the public, effective immediately, a few days ago.
But it is not only gaming operators that are closing the door on the Russian industry. Software providers for both casinos and sportsbooks are pulling the plug on their contribution to Russian-owned casinos. Among these are Betting.bet and Malta-based company Beter.
Even if Russia did comply with NATO’s demands for a cease-fire, one wonders whether the country’s economy would be able to stabilize quickly again. It could also be questioned whether the Western world would want to lift all restrictions at once.