The parent company of IKEA announced on March 3 that it will close all of its stores in Russia, stopping production in the country and halting all exports and imports to and from Russia and Belarus, as Western companies begin to curb business with Russia since its invasion of Ukraine.
Ingka operates seventeen stores and one distribution center in Russia.The two companies said in a joint statement that the war in Ukraine has already had a huge human impact and is also resulting in serious disruptions to supply-chain and trading conditions.
