Read The Times Australia

Daily Bulletin

Can a martini stop Putin? How consumers and investors are imposing DIY sanctions on Russia

  • Written by: Erin O'Brien, Associate Professor, Centre for Justice, Queensland University of Technology
Can a martini stop Putin? How consumers and investors are imposing DIY sanctions on Russia

Russia’s invasion of Ukraine has drawn swift condemnation from the United Nations, world leaders and protesters.

But the outrage doesn’t stop there. McDonald’s has just temporarily closed 850 restaurants across Russia, while Starbucks says its 100 outlets will also shut.

This follows boycotts of Russian vodka in Australia, Europe and North America, with patrons shunning Russian brands of vodka, bartenders pouring it down the sink and major outlets like Dan Murphy’s removing the spirit from their shelves.

As researchers of political activism and participation, we are interested in how individuals use their consumer and investor power to respond to Russia’s actions.

Applying economic pressure on foreign regimes is typically the domain of governments through sanctions. But what researchers call “political consumerism” offers individuals a chance to join the protest by applying their own personal sanctions.

How is this working against Russia?

What is political consumerism?

Whether we do it for political or ethical reasons, deciding what we buy (or don’t buy) is one of the most common forms of political participation in western liberal democracies.

Consumers can join boycotts to punish a company, or “buycotts” to reward them.

Sign, showing Russian vodka removed from shelves.
Russian vodka has been banned and poured down the drain since the invasion of Ukraine in late February. Keith Srakovic/AP/AAP

Consumers can make lifestyle commitments like veganism to align with their stance on animal rights or the environment. Individuals can also engage in “political investorism”, as our soon to be published research shows, by selecting ethical portfolios for superannuation or pension funds, supporting shareholder resolutions, or advocating for divestment.

While political consumerism is often directed at corporations, it can also be directed against countries. We may not be able to directly lobby a foreign government or vote out their president. But we can send a clear message through a “surrogate boycott” by targeting the brands, products and companies from that country.

Surrogate boycotts

Surrogate boycotts are not new. In 1995 consumers boycotted French wine and cheese to protest France’s nuclear testing in the South Pacific. Israel has since been the target of a longstanding boycott, divest and sanction campaign over Palestine.

Read more: Ukraine: the UN’s ‘responsibility to protect’ doctrine is a hollow promise for civilians under fire

Yet the rapid and extensive boycott against Russia ranging from caviar and white fish to films and sports teams suggests a growing normalisation of boycotts and political consumerism as a response to government actions.

Russian companies, sportspeople and even opera singers are now the proxy target for the Russian government, facing surrogate boycotts in addition to economic sanctions.

The surrogate boycott of Russia is not limited to Russian-owned companies or Russian-made products like vodka.

Activist groups also called for boycotts on companies that were slow to halt their own operations in Russia, including Coca Cola, Hyundai, Starbucks and McDonald’s. Two weeks after the invasion, these companies have now bowed to pressure and suspended certain operations.

Not just symbolism

Refusing to buy a Big Mac, or opting for a French-made Grey Goose vodka martini is not going to turn the tanks around. But these DIY sanctions serve an important symbolic function by condemning a country’s damaging actions and catalysing companies to join the protest.

Beyond symbolism, protesting Russia’s actions through political consumerism may have real impacts.

While governments can impose sanctions and import bans, consumers and investors can expand the scope of economic pressure. The threat of consumer and investor pressure may have contributed to the decision by major multinational companies like Apple, Visa, Mastercard and others to quickly cease operations in Russia.

What about the oil?

That pressure is now building around Russia’s oil and gas production. More than 600 civil society organisations from 57 countries have asked governments to end all trade and investment in Russian fossil fuels.

Before world leaders began to impose bans on Russian oil imports and investments, several major companies including BP and Norwegian energy company Equinor had already divested. Superannuation and pension funds were being pressured to do the same.

A worker filles up a car at a Lukoil petrol station in Moscow.
A worker fills up a car at a Lukoil petrol station in Moscow. Yuri Kochetov/EPA/AAP

Australian non-government organisation Market Forces has criticised five Australian superannuation funds for their investments in Russian fossil fuels and encouraged individuals to lobby their own super funds to divest.

Meanwhile, the board of directors of Russia’s second largest oil company, Lukoil, has called for a quick end to the conflict in Ukraine. This follows a dramatic fall in its share price and threatened boycotts of Lukoil gas stations in the United States.

Ultimately, we all need to consider how we spend our money and what economic connections we may have with an aggressive regime.

Authors: Erin O'Brien, Associate Professor, Centre for Justice, Queensland University of Technology

Read more https://theconversation.com/can-a-martini-stop-putin-how-consumers-and-investors-are-imposing-diy-sanctions-on-russia-178643

Business News

When Should You Speak to a Lawyer About a Legal Issue?

Legal issues can begin with a simple question, then become harder to manage once formal steps are involved. Many people wait until a matter feels urgent before seeking guidance, even though earlier ...

Daily Bulletin - avatar Daily Bulletin

The strategic rise of Bali as Australia’s next essential healthcare support hub

As Australian healthcare providers grapple with unprecedented operational bottlenecks, a new nearshore model is quietly transforming patient care delivery. Forward-thinking organisations,  including...

Daily Bulletin - avatar Daily Bulletin

Cost Savings and Benefits of Using Used Pallets in Logistics

In today’s competitive logistics and supply chain industry, businesses are constantly looking for ways to reduce operational costs without compromising efficiency and reliability. One of the most prac...

Daily Bulletin - avatar Daily Bulletin

How Fulfilment Services in Australia Help Businesses Scale Efficiently

The growth of e-commerce and modern retail has transformed customer expectations. Consumers now expect fast shipping, accurate order processing, and seamless delivery experiences regardless of where...

Daily Bulletin - avatar Daily Bulletin

Practical Ways Australian Workplaces Can Reduce Operating Costs

Reducing business costs doesn’t always mean cutting staff, shrinking services or making the workplace feel bare-bones. In many cases, the smarter savings are hiding in everyday operations: the light...

Daily Bulletin - avatar Daily Bulletin

Executive Recruitment Solutions That Help Organisations Secure Exceptional Leaders

Leadership has a direct impact on organisational performance, employee engagement, strategic growth, and long-term success. Businesses operating in increasingly competitive environments require experi...

Daily Bulletin - avatar Daily Bulletin

Why A WooCommerce Website Designer Matters For Online Growth

Running an online store today requires more than simply listing products and waiting for customers to arrive. Businesses need a website that is fast, reliable, easy to navigate, and designed to suppor...

Daily Bulletin - avatar Daily Bulletin

Turning Your Empty Tables into Revenue

The rise of AI demand tools in hospitality, the EatClub–CommBank partnership, and seven trends reshaping Australian dining  A growing number of Australian venues are turning to AI-powered demand mana...

Daily Bulletin - avatar Daily Bulletin

High-Impact Dental Marketing Strategies That Are Driving Real Practice Growth Today

The landscape of dental practice growth in Australia has shifted dramatically over recent years. Standard, broad-spectrum advertising campaigns no longer yield the return on investment they once did. ...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

Lighting Shop in Perth: How The Right Lighting Can Transform Your Home And Business

The right lighting can completely change the look, feel, and functionality of any space. Whether it ...

Traffic Light System Solutions For Safer And More Efficient Traffic Management

Modern cities and growing communities rely heavily on effective traffic management to ensure safety...

Gold Migration Lawyers in Liquidation: How the Closure Affects Your ART Appeal

If your appeal was with Gold Migration Lawyers, a recent change to how the Tribunal decides cases ...

The pressure cooker: life in urban Australia in 2026

Australian cities have always been demanding. Long commutes, rising housing costs, busy schedules a...

What Actually Makes a Good Criminal Lawyer in Melbourne

Most people only think about this question once. That is usually too late. Most people charged wi...

Why Working With A Chatswood Tutor Can Improve Academic Performance

Academic expectations continue increasing for students across primary school, high school, and senio...

Is It Worth Getting Solar Panels in Melbourne?

The real question is not whether solar works in Melbourne. It works. The question is what it is co...

How A Diploma Of Project Management Builds Practical Skills For Modern Work Environments

Developing the ability to plan, execute, and deliver outcomes efficiently is a key requirement in to...

How to Choose the Right Football for Every Level

Choosing a football may seem straightforward, but the right option depends on who will be using it a...