The financial donation will go towards providing clean water, blankets, basic medical care, personal hygiene kits and physical and mental health assistance to Ukrainian families.
Ferrero also said it has suspended all non-essential activities and paused its development plans within Russia.
“We are complementing this with local aid in several European countries receiving refugees, as well as through employee donations,” Ferrero said in a statement.
The company is also working to ensure the safety of its employees, associates and their families.
“We have been helping them to reach safety zones, providing them with emergency cash, fuel for their cars, food, medicines, basic supplies, and shelter,” a company spokesperson said.
Regarding the Italian confectioner’s Russian operations, it said: “We will reassess our decisions on a regular basis as we continue to closely monitor the impacts of this dramatic and rapidly evolving situation, doing our utmost to safeguard people’s safety while continuing to support colleagues in local markets who face a lot of uncertainty.”