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Volkswagen, Ikea suspend business in Russia.

by The Kyiv Independent news desk March 3, 2022 4:15 PM 1 min read
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The world's largest furniture retailer Ikea temporarily closes all of its stores and pauses sourcing from both Belarus and Russia. German vehicle manufacturer Volkswagen shuts production at two Russian factories following sanctions. The company has also halted exports to Russia “with immediate effect.”

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Hungary loses out on about $1 billion in EU aid.

The aid package was conditional on Hungary implementing reforms to bring the country into compliance with EU standards by the end of 2024. Budapest failed to meet the requirements, a European Commission spokesperson said.
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