Ikea to Further Scale Down Business in Russia, Belarus
An Ikea AB store in Khimki, Russia.
Source: Bloomberg
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Furniture retailer Ikea of Sweden AB says it will further scale down its operations in Russia and Belarus after Russia’s invasion of neighboring Ukraine.
“The circumstances have not improved, and the devastating war continues,” Ikea said in a statement on Wednesday. “Businesses and supply chains across the world have been heavily impacted and we do not see that it is possible to resume operations any time soon.”