Several luxury brands are suspending their operations in Russia.
Automakers Ferrari and Lamborghini said they will not produce vehicles for the Russian market until further notice.
In a statement, Ferrari said it plans to donate 1 million euros to support relief efforts for Ukrainian citizens, it reports bbc.
Lamborghini said it "hopes for a quick end to hostilities and a return to diplomacy". She plans to make a donation to the United Nations High Commissioner for Refugees.
Switzerland's biggest watch brand, Rolex, also said on Tuesday it was suspending exports to Russia.
They are among a host of high-end retailers - including Chanel, Louis Vuitton and Gucci - who have pulled out of the country in recent days. /Telegraph/
