World's biggest furniture brand, IKEA is closing all its stores and pausing all sourcing in Russia and Belarus, following its invasion of Ukraine.

The Russia-Ukraine war is disrupting supply chains and trading conditions, causing IKEA to temporarily halt operations in Russia, says Brand Owner, Inter IKEA and Store Owner, Ingka Group.

Inter IKEA is in charge of supply while Ingka Group owns most IKEA worldwide, including all 17 in Russia.

Russia was IKEA's 10th-biggest market with retail sales of €1.6 billion($1.8 billion) or 4 per cent total retail sales in the year through last August.. On the other hand Belarus is purely a sourcing market for IKEA.

IKEA is a Swedish -founded, Dutch-headquartered multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories, among other goods and home services. Started in Sweden in 1943, IKEA has been the world's largest furniture retailer since 2008.

The group is known for its modernist designs for various types of appliances and furniture, and its interior design work is often associated with an eco-friendly simplicity. In addition, the firm is known for its attention to cost control, operational details, and continuous product development that has allowed IKEA to lower its prices by an average of two to three percent.