The world's leading agricultural machinery giant has suspended shipments of machinery to Russia and Belarus
Company official statement
"John Deere is deeply saddened by this marked escalation of events in Ukraine," the statement read. The safety, welfare and well-being of our employees in the area remains our top priority and we will continue to support and liaise closely with the affected teams to provide the necessary resources where possible. Our thoughts are with our employees and their families as well as our dealers, customers and all affected by this crisis, "the company said.
"The Deere Foundation has been working directly with multiple organizations, including multiple UN agencies, to mobilize resources to support Ukrainians affected by the crisis. Our mission is, and always has been, to help our customers feed the world, "the company said.
Ponsse, one of the world's leaders in mechanized logging, also announced in March that it was suspending exports of machinery and spare parts to Russia and Belarus, as well as temporarily suspending operations at its Russian subsidiary. In its first-quarter report, The company said It had lost 20 percent, or 109 million euros, in revenue.
