AkzoNobel Expects Russian Plants to Close and Is Setting Up Donation Platform for Humanitarian Support in Ukraine

In a recent updated press release, AkzoNobel noted that its business in Ukraine and Russia is limited, representing about 2% (roughly 200 million euros or $219 million) of AkzoNobel’s total income in 2021.

“We are pretty realistic that over a month, two-month period this will come to a gradual, if not normal phasing out of the business,” said AkzoNobel’s Chief Executive Officer, Thierry Vanlancker on AkzoNobel’s Russian operations. “We will continue to provide all our employees with whatever we can to support them in these difficult times, as safety, integrity and sustainability are the core values of AkzoNobel. We are also setting up a donation platform for our employees to raise money for humanitarian support in Ukraine. AkzoNobel will add three euros for every euro donated by employees,” said  Thierry Vanlacker.

https://www.akzonobel.com/en/statement-on-the-conflict-in-ukraine