Atlanta-based AGCO Corp. has halted the sale of new tractors and machinery to Russia and Belarus in response to the invasion of Ukraine, a move taken two weeks ago but announced March 10.
AGCO said its priority in the first two weeks of the war has been protecting employees and their families in Ukraine as it considered how to balance the need to serve farmers in the breadbasket of Europe — and avoid aggravating food shortages — while responding to Russian aggression.
“Russia and Ukraine are vital to the world’s food supply, and we have carefully considered how best to serve farmers while taking necessary action in response to the unprovoked attacks on Ukraine. We immediately suspended the sale of new machines into Russia and Belarus two weeks ago. We have also complied, and will continue to comply, with all sanctions,” the company said in a statement.
The company’s foundation previously announced a $100,000 donation to the World Food Programme in support of its emergency relief efforts.
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