Ferrari has also suspended its production for the Russian market

Ferrari has graciously donates one million Euros or around RM4.5 million to support the people of Ukraine who are currently facing hardship in the midst of war. The premium Italian manufacturer has funneled the donation through the Emilia-Romagna region in collaboration with the Red Cross and UNHCR.

The fund will assist in international humanitarian projects in support of Ukraine as well as other local initiatives within Italy by accepting and helping fellow refugees in the region. Some of that aid will also go to the Association Chernobyl of Maranello, Fiorano, Formigine – ONLUS to help with the refugee situation.

In other news, Ferrari has also decided to suspend the production of vehicles for the Russian market until further notice. According to its CEO, Benedetto Vigna, "Ferrari stands alongside everyone in Ukraine affected by this ongoing humanitarian crisis. While we hope for a rapid return to dialogue and a peaceful solution, we cannot remain indifferent to the suffering of everyone affected. Our thoughts and support go out to them. We are playing our small part alongside the institutions that are bringing immediate relief to this situation."