Due to the business challenges, Deere significantly reduced its presence in Russia, including nonrenewal of dealership contracts in November 2022 and the sale of its financial services business in the second quarter of FY 2023. Our U.S. senior management continues to closely monitor all risks to John Deere operations in the region.
Earlier Statement:
John Deere is deeply saddened by the significant escalation of events in Ukraine. The safety, welfare, and well-being of our employees in the region remains our top priority, and we continue to support and maintain close communication with our affected teams, providing necessary resources when possible. Our thoughts are with our employees, their families as well as our dealers, customers and all those impacted by this crisis. We have suspended shipments of machines to Russia and Belarus. We continue to monitor the situation closely while we fully abide by U.S. and international sanctions. The John Deere Foundation has additionally been working directly with a number of organizations, including multiple UN agencies, to mobilize resources to support Ukrainians impacted by the crisis. Our mission is, and always has been, to help our customers feed the world.