Industry News

BASF to Wind Down Business in Russia and Belarus Except for Activities That Support Food Production

In 2021, Russia and Belarus accounted for around 1% of BASF Group’s total sales.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

As announced on March 3, 2022, BASF has not conducted new business in Russia and Belarus, in light of the war of aggression against Ukraine ordered by the Russian government. BASF strongly condemns the Russian attack on Ukraine and the violence against the civilian population. The Board of Executive Directors of BASF SE has now decided to also wind down the company’s remaining business activities in Russia and Belarus by the beginning of July 2022. Exempt from this decision is business to sup...

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