Caterpillar has said it is suspending operations at its Russian manufacturing facilities as it has become increasingly challenging to operate with supply chain disruptions and sanctions following the country’s invasion of Ukraine.
“We are complying with all applicable laws and evolving sanctions, while remaining focused on our employees, dealers and customers,” the OEM said.
“We recognize this is a time of incredible uncertainty for our valued employees, and we will continue to look for ways to support them.”
Though the Caterpillar Foundation, the company is donating more than $1 million to the American Red Cross and other nonprofits to support both urgent and long-term needs of the Ukraine humanitarian crisis.
To amplify the giving, the foundation is also matching gifts from global Caterpillar and dealer employees as well as U.S. retirees to the global Red Cross network in response to the Ukraine crisis through a 2:1 match. These gifts have surpassed the original match goal and will continue to remain open.
“We are deeply saddened by the tragic events continuing to occur in Ukraine and hope for a peaceful resolution to the crisis,” said Caterpillar Chairman and CEO Jim Umpleby. “Through the Caterpillar Foundation’s platform, we are responding to the urgent humanitarian needs in Ukraine and its neighboring countries. I am proud of the generosity of our employees to support these critical efforts.”