Hugo Boss, Hilton Hotels Pause Russia Business

German fashion brand Hugo Boss and U.S. hotel chain Hilton are the latest brands to pause their Russian businesses over the Ukraine invasion.

Hugo Boss said Thursday that it has temporarily closed its stores and suspended its own retail and e-commerce business activities in Russia. The company said it will give all affected employees “financial and operational support.”

Russia, along with Ukraine, accounted for about 3% of Hugo Boss’s total sales last year.

The Hilton hotel chain said it’s closing its corporate office in Moscow and suspending new hotel development in Russia. Russian workers will continue to be paid, the company said.

Hilton’s 26 hotels in Russia remain open. They are owned and operated by franchisees, but Hilton said it is donating any profits from those hotels to relief efforts in Ukraine. Hilton said it has also donated up to 1 million room nights to support Ukrainian refugees.

Wall Street titan Citigroup also said Wednesday it would wind down its Russian banking business and will be “operating the business on a more limited basis” until a sale happens.