– Vacation inn-owner IHG stated on Friday it was not trying to resume investments or growth exercise in Russia for the “foreseeable future”, having suspended operations and new lodge openings within the nation final month following the invasion of Ukraine.
The London-listed lodge chain operator additionally stated it was persevering with talks with its franchisees over their contracts for IHG-branded resorts in Russia, however the “difficult course of” would take a while.
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