STOCKHOLM, March 1. /TASS/. Volvo and Scania announced suspension of their business in Russia, TT news agency reports.

Volvo Cars decided to halt sales of new cars in Russia. "Considering the potential risk related to trading in materials with Russia and sanctions introduced by the US and the EU, Volvo Cars will not supply automobiles to the Russian market until further notice," company’s spokesperson Ben Foulds said, cited by TT. According to Volvo Cars, Russia accounted for 1.3% of global sales.

Scania halted deliveries of automobiles and spare parts to Russia last week, Erik Bratthall from the company’s press service said. "Relations with clients are important for Scania but values of Scania were more important in this regard," he said.

IKEA stores in Russia are open but they are closed in Ukraine. "We closed the store in Ukraine because we cannot guarantee security of our employees. Actually, our stores in Russia are open at the moment but we are keeping a close eye on developments and are ready to act according to that," the company’s press service said.