Colliers discontinues operations in Russia, Belarus

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Canada-based diversified professional services and investment management company Colliers decided to discontinue its operations in Russia and Belarus, according to a report by the Warsaw Business Journal.

The company discontinued its business in the two countries after more than 28 years of operation.

Colliers says that it stands with the people of Ukraine and strongly condemns the invasion by the Russian military, adding that it supports all appropriate sanctions enacted by the international community.

"I am appalled and saddened by the unnecessary loss of life and the displacement of millions of Ukrainians from their home. We cannot and will not stand idly by. Our decision to exit Russia and Belarus is one we make with conviction," Jay Hennick, global chairman & CEO of Colliers, said.

Prioritizing the safety and welfare of its colleagues and clients, the company closed its affiliate office in Kyiv, and is now focusing on supporting Ukrainian employees who remain in-country those who are seeking refuge, and the families of our people who have been affected.

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