IKEA to ‘further scale down’ operations in Russia, Belarus over Ukraine war

By AFP 15 June 2022, 2:06 pm

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A branch of the furniture chain Ikea in Wallau near Wiesbaden, Germany, March 17, 2020. (Frank Rumpenhorst/dpa via AP)

Swedish furniture giant Ikea says it will “scale down” its activities in Russia and Belarus, after putting them on hold following the Russian invasion of Ukraine.

“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,” Ingka Group, which manages the majority of Ikea’s stores, says in a statement. “As a consequence, Inter IKEA Group and Ingka Group have now each decided to enter a new phase to further scale down the IKEA business in Russia and Belarus.”