Ferrari donates one million euros for emergency support to Ukraine

In response to Russia's invasion, Ferrari is donating one million euros for emergency support to Ukraine, the Italian carmaker announces. Ferrari has also decided to suspend the production of cars for the Russian market until further notice.

In a statement, Ferrari said they stand beside everyone in Ukraine affected by this ongoing humanitarian crisis. "While we hope for a quick return to dialogue and a peaceful solution, we cannot remain indifferent to the suffering of all those affected. Our thoughts and support go out to them. We play our small part alongside the institutions that bring immediate relief to this situation, " said Ferrari CEO Benedetto Vigna.

Ferrari's donation, in collaboration with the Red Cross and UNHCR, will fund international humanitarian projects that support Ukraine, as well as local initiatives that focus on the reception of refugees in the Italian region. Ferrari concludes by letting us know that it will continue to closely monitor the situation and always respect all rules, regulations and sanctions.