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IKEA, the world's biggest furniture brand, is closing its stores in Russia and pausing all sourcing in the country and ally Belarus, joining the wave of Western firms curbing business with Russia ...
IKEA closed their 17 stores in Russia and halted sourcing materials from Russia and Belarus, but its 14 malls in Russia, branded "Mega", remain open. IKEA's decision to close their stores led to Russian consumers panic buying furniture and home appliances on the final day of the store's operations in the country. 3 March 2022 (Furniture stores)
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IKEA, the world's biggest furniture brand, shut down its stores in March and said it would sell factories, close offices and reduce its 15,000-strong workforce in Russia. IKEA to liquidate Russian ...
Separated practices in Russia and Belarus from the global network of member firms as of March 8, 2022. Deloitte Global CEO Punit Renjen said "While we know this is the right decision, it will have an impact on Deloitte's ~3,000 professionals located in Russia and Belarus. We know our colleagues in Russia and Belarus have no voice in the actions ...
7% of the wood that becomes IKEA furniture comes from Belarus, where the state owns all of the country's forests. IKEA has been accused of financing President of Belarus Alexander Lukashenko 's repression against political opponents, with Anna Sundström, Secretary-General of the Olof Palme International Center , arguing that the money ...
French bank Societe Generale said it was working to cut its risks in Russia, fearing a tit-for-tat response by Moscow to Western sanctions, as more companies from vodka maker Diageo to IKEA ...
A leaked internal strategy document from Vladimir Putin’s executive office and obtained by Yahoo News lays out a detailed plan on how Russia plans to take full control over neighboring Belarus ...