Russians buy last goods from H&M, IKEA as stores wind down
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Many Western companies promised to leave Russia after it sent troops into Ukraine, taking months to wind down operations and often selling holdings to Russian firms. IKEA said in June that it will start looking for new owners for its four factories in Russia and will close its purchase and logistics offices in Moscow and Minsk, Belarus, a key Russian ally. Russian President Vladimir Putin has pushed for years to develop and deploy Russian substitute goods and services to make up for the loss of Western imports, which has taken on new urgency as companies like H&M and IKEA wind down operations.
History of this topic
What Russian boycott? How a Mail investigation discovered British brands from Barbour to Burberry, Mothercare, Rolls-Royce and Land Rover are still being sold in Russia
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How IKEA is trying to stop Russian copycats during Putin’s war
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The luxury goods from famous UK brands that are STILL on sale in Moscow
Daily Mail
IKEA calls 2022 an ‘exceptional year’ despite challenges
Associated Press
IKEA calls 2022 an 'exceptional year' despite challenges
The Independent
Russians buy last goods from H&M, IKEA as stores wind down
Associated Press
H&M to wind down operations in Russia
Live MintExplained: What happens if Russia takes over assets of western companies?
The Hindu
Column: Here’s the ‘hall of shame’ of companies that haven’t left Russia
LA Times
From McDonald’s to TikTok, why are big brands bailing on Russia?
Al Jazeera
H&M temporarily suspends sales in Russia amid Ukraine crisis
India TodayDiscover Related
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