At the end of February 2022, the world was shocked by Russia’s indefensible invasion of Ukraine. Support and concern for Colliers employees in our Ukraine affiliate poured in from other offices.
We acted quickly to suspend business operations in Kyiv, enabling our people to fully focus on their safety and that of their families. Shortly after, we announced the discontinuation of our Russia and Belarus operations – a decision that we made with conviction and is consistent with our values.
We remain focused on the safety and welfare of our people in Ukraine. Colliers leaders and people in neighbouring Central & Eastern Europe countries helped our Ukrainian colleagues and their families cross the border to safety and are actively providing temporary accommodation, monetary support, and other necessities. We are also finding new opportunities for them within Colliers, three of whom have accepted positions in our Warsaw office at the time of this report's publication.
In addition to group fundraising activities organized by our enterprising professionals, we established the Colliers Crisis Fund and offered to match donations to maximize humanitarian relief and support efforts for our Ukrainian colleagues. The Fund received hundreds of submissions from every corner of the globe in a matter of days. Colliers and members of senior leadership also made significant donations to the Ukraine Crisis Appeal via the International Committee of the Red Cross and other humanitarian charities.