The Austrian Swarovski announced that it is suspending its activities in Russia due to the war in Ukraine, following the example of many multinationals who have left the country.
Swarovski clarified in her announcement that the decision is temporary “and that it was taken because of” the complicated situation in the region and the growing concerns about the current developments “.
The 12 branches of the company in Russia will be closed and exports to Russia will stop until further notice. The online sales website is already down. The company promises to support its 80 partners in Russia.
Other big international companies that have announced the suspension of their activities in recent days in Russia are the Swedish Ikea and the French luxury goods groups LVMH, Kering, Hermès and Chanel.
Source: Capital
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