Ferrari is to donate €1million to help support Ukrainians affected by the ongoing conflict with Russia.
By order of President Vladimir Putin, a full-scale invasion of the Eastern European country is reaching the end of its second week of fighting, with the UN's refugee agency [UNHCR] reporting more than two million civilians have fled Ukraine.
F1 was quick with its response to cancel this year's Russian Grand Prix before going a step further to terminate the contract altogether, whilst Haas parted company with sponsor Uralkali and ended its relationship with Dmitry and Nikita Mazepin.
But Ferrari has now made its own step towards helping those in need by collaborating with the Red Cross and UNHCR to fund international humanitarian projects, as well as "local initiatives" focused on welcoming refugees to the Emilia-Romagna region of Italy.
The Italian outfit will also provide aid to the Association Chernobyl of Maranello, a charity that provides support to children arriving in Italy from the area affected by the 1986 nuclear disaster.
Ferrari has also taken the decision to suspend vehicle production for the Russian market indefinitely as the manufacturer continues to monitor the ongoing crisis.
Ferrari CEO Benedetto Vigna said: “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.”