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WEKU
WEKU
Alina Selyukh

Ikea packs up Russian operations and plans sale of factories

A man walks past the closed Ikea shop at a Moscow shopping mall on April 11. (Kirill Kudryavtsev/AFP via Getty Images)

Swedish furniture giant Ikea is folding up its Russian presence, planning to lay off staff, shut offices and sell factories.

This adds the world's largest furniture brand to the list of Western corporations fully exiting Russia as the war in Ukraine grinds into its fourth month.

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