Deere & Co. has suspended shipments of its farm and construction equipment to Russia and Belarus in the wake of Russia’s attack on Ukraine, the company said.
The Moline, Ill.,-based company said it halted shipments to Russia two weeks ago and then subsequently to Belarus, which has been used as a staging area for Russia’s military push into Ukraine.
Deere, the world’s biggest seller of farm machinery by sales, operates two plants in Russia. A plant in Orenburg produces tillage and seed planting equipment, while another in Domodedovo is used as a parts distribution center. The company described operations at these plants as “day-to-day.”
Deere has a sales operation but no plants in Ukraine, which is a major producer of wheat. Russia and Ukraine account for about 3% of Deere’s annual sales, according to a research note from JP Morgan.
