Following Russia's invasion of Ukraine, automobile manufacturers Volkswagen and IKEA, which handles furniture, have decided to suspend their business in Russia one after another, and companies are further expanding away from Russia.
Volkswagen, a major German car maker, announced on the 3rd that it will stop production at its plant in Russia.
It also plans to stop exporting to Russia as soon as possible.
IKEA, a Swedish furniture giant, has decided to stop operating in Russian stores and stop importing and exporting products and local production.
Imports and exports between Russia and Belarus, which has an alliance with Russia, will also be suspended.
In addition, Swedish clothing giant H & M has also decided to cancel all operations in Russia.
Behind these movements are the growing global criticism of Russia, which has invaded Ukraine, and the fact that sanctions in each country have caused local supply chain disruptions, making it one of the world's leading players. The departure of companies from Russia is spreading further.