Breaking News: Swedish fashion retailer H&M to exit Russia amid Ukraine war #shorts #news

Breaking News: Swedish fashion retailer H&M to exit Russia amid Ukraine war #shorts #newsShow more

Swedish fashion retailer H&M said that it will exit from Russia after pausing sales there in March after Moscow's invasion of Ukraine. "After careful consideration, we see it as impossible given the current situation to continue our business in Russia," Chief Executive Helena Helmersson said in a statement. H&M said the move will cost $200 million and affect 6,000 staff.

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