Ikea also paused all retail operations in Russia, a move that will impact 15,000 Ikea co-workers, according to Inter Ikea Group.
The company has 17 stores and 9 planning studios in Russia. It doesn't have any stores or retail businesses in Belarus, the company told FOX Business.
H&M stores in Ukraine have already closed temporarily in order to keep customers and employees safe. Meanwhile, both companies are also doing their part to help Ukrainians who are severely suffering.
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