Swedish conglomerate IKEA is pledging more than $30 million to humanitarian efforts in Ukraine and temporarily closing its Russian stores.
“The devastating war in Ukraine is a human tragedy, and our deepest empathy and concerns are with the millions of people impacted," the company posted on their website. "The immediate actions of Inter IKEA Group and Ingka Group have been to support the personal safety and security of IKEA co-workers and their families, and we will continue to do so.”
Ikea, which operates over 400 stores in 60 different countries, said in a statement that its charitable arm, the IKEA Foundation, is donating $20 million euros ($22 million USD) to "humanitarian assistance to those who have been forcibly displaced as a result of the conflict in Ukraine." The donation is coming in response to a request from the United Nations Refugee Agency, IKEA said.
An additional $20 million euros is being donated to similar charitable organizations from IKEA's holding companies, Inter IKEA Group and Ingka Group, who also have charitable arms.
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