“I want to talk about some of the actions taken by the company to protect and support IBM employees affected by the crisis, and to make it clear that we do not sell technology in Russia,” said the head of the company, Arvind Krishna.
Earlier, sporting goods manufacturer Puma announced the suspension of its stores in Russia in connection with the events in Ukraine.
Volvo, Scania and Ericsson also announced the suspension of business in Russia.
The IMF said that sanctions against Russia will have a significant impact on the global economy.