Russian invasion of Ukraine: how Toyota, Ikea and other companies are responding

Russian invasion of Ukraine: how Toyota, Ikea and other companies are responding

Major international companies with operations in Russia and Ukraine are closely monitoring the progress of the conflict, with some even closing facilities.

Toyota Motor Corp. told FOX Business on Thursday that the company is temporarily closing all of its Ukrainian dealerships until Friday. Between Toyota and Lexus, the company has 37 dealerships in Ukraine. Its plant in St. Petersburg, Russia, “currently maintains normal operations,” Toyota said.


The company declined to elaborate further, but said it was monitoring the situation “while keeping the safety and well-being of our employees and their families a top priority.”

A line of cars are seen at one of the local gas stations, Kiev, capital of Ukraine. (Yevhen Kotenko/Ukrinform/Future Publishing via Getty Images/Getty Images)

The company has just over 2,600 employees in Russia, both in the manufacturing plant in St. Petersburg and in the sales office in Moscow.

Teleprinter Security Last Change Change %
MT TOYOTA MOTOR CORP. 170.81 -5.27 -2.99%

Ingka Group, which operates Ikea stores around the world, said the newly declared sanctions would hamper its operations, although the company declined to elaborate on the extent of the impact.


“Ingka Group has a long-term commitment with our customers, colleagues and suppliers in Russia and Ukraine,” the company said in a statement to FOX Business. “The declared sanctions will affect all international companies, including the Ingka Group.”

In the meantime, the company says it is focused on the safety and security of its workers.

“We are doing everything we can to support them at this time,” Ingka Group said.

In Russia, the company has about 10,000 employees, 14 Ikea retail stores and nine planning studios. In Ukraine, Ingka Group has a store in Kiev in addition to e-commerce. It has a total of about 400 employees.

Residents seeking to leave the capital are stuck in traffic on a highway in Kiev, Ukraine, Thursday, February 24, 2022. (Ethan Swope/Bloomberg via Getty Images/Getty Images)

Meanwhile, Nestlé told FOX Business that its six factories in Russia, which are focused on sales of pet food, coffee, confectionery and infant nutrition, are still operating normally. It also has “business continuity plans in place to ensure the continued delivery of our products to consumers,” a company spokesperson told FOX Business.

“Nestlé products have been present in Russia for more than 150 years,” the spokesperson said. “Over 90% of our products sold in Russia are locally produced and our business is focused on supplying consumers in the country.”

The company is also “focused on the safety and protection” of its employees.

Flames and smoke rise from the debris of a privet house following Russian shelling outside Kiev, Ukraine, Thursday, February 24, 2022. (AP Photo/Efrem Lukatsky/AP Newsroom)

Tobacco company Philip Morris International Inc. is also temporarily suspending operations in Ukraine.

The company, which has a factory in Kharkiv and more than 1,300 employees in Ukraine, said on Friday it “has contingency plans in place to restart product supply once security conditions will allow”.

Philip Morris International CEO Jacek Olczak said “the safety and security of our colleagues and their families is our primary concern”. Employees are advised to “stay at home or in a safe place and follow the instructions of local authorities” while the company continues to monitor the situation, he added.

Volkswagen representatives did not immediately respond to FOX Business’ request for comment. The automaker told Reuters that “the degree of impact to our business operations in affected countries is being determined on an ongoing basis.”

“With respect to all activities on site, the safety and integrity of our employees is our top priority,” the company said in a statement to Reuters.