British multinational hospitality company IHG announced today that it is “in the process of ceasing all operations in Russia consistent with evolving UK, US and EU sanction regimes and the ongoing and increasing challenges of operating there.” The company had previously announced the suspension of future investments, development activity and new hotel openings in Russia and it had closed its corporate office in Moscow.

IHG owns 17 brands under four collections. As of 2019, the company had 33 hotels operating under six brands in Russia, CIS and Georgia.

Last Updated on June 27, 2022 by Ramin Seddiq