Parker Hannifin Withdrawals from Russian Market

Motion and control technologies supplier Parker Hannifin issued a statement in response to the ongoing conflict in Ukraine, pledging to offer support its workers in the war-torn country and halt its operations in Russia.

“It is with great sadness that we watch the war in Ukraine devastate the lives of so many innocent people,” the company said in the April 12 release.

Team members’ donations are being matched by the Parker-Hannifin Foundation to aid the Ukrainian people.

“Parker has immediately suspended all shipments to and from Russia, in line with international sanctions,” the statement said. “Effective Mar. 31, 2022, we have closed our office and warehouse in Moscow and no longer do business in the country.”

Parker, which has maintained a presence in the Russian market for more than two decades, said its decision does not reflect the performance of its staff in the country.