With the announcement, three of the world’s leading media groups left the country due to the war with Ukraine.
Publicis Groupe announced on Tuesday (15) that it will also end its activities in Russia, passing ownership of its agencies to the local administration, the company said in a statement.
“Publicis Groupe is handing over control of its Russian operations to Sergey Koptev, the founding president of Publicis in Russia, with the clear contractual condition of securing a future for employees there,” he said.
Yesterday it was IPG’s turn to leave Russia for the same reasons: the war in Ukraine. In a post on LinkedInCEO Philippe Krakowsky cites negotiations – hitherto failed – between Russians and Ukrainians and the growing attack on civilian targets such as hospitals.
On the 4th, the WPP announced that it would cease operations in the country after the board concluded that the group’s continued presence in Russia would be inconsistent with the company’s values.
