Major foreign retailers including Ikea, Mango, H&M Group have suspended operations in Russia.
After H&M Group (which also includes COS, Monki and other chain stores) announced to suspend business in Russia on March 2, Sweden's Ikea, Danish homeware retailer Jysk and Spanish chain Mango also announced follow-up on March 3. British online fashion retailer ASOS has also suspended sales in Russia.
Currently H&M has more than 150 stores in Russia, 17 stores and 8 studios under the IKEA brand, more than 80 retail locations in Mango and about 10 stores in Jysk.
