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BASF Plans to Leave Russian Market by July

The German firm said parts of its businesses that support food production will remain in operation.

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Representative imageImage courtesy of BASF

German chemicals and materials manufacturer BASF plans to end its remaining business activities in Russia and Belarus by the beginning of July 2022 in response to Russia’s ongoing invasion of Ukraine. Parts of its business that support food production in the countries will remain in operation.

“This decision is driven by the recent developments of the war and in international law, including the furth EU sanctions package,” the firm said in a recent release.

BASF has 684 workers in Belarus and Russia. The company said it intends to “continue to support its employees” through the end of the year.

Food production-related activities will continue because “the war risks triggering a global food crisis,” BASF wrote.

Detailed plans are being created for the withdrawal from the markets.

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Powder Bulk Solids Staff

Established in 1983, Powder & Bulk Solids (PBS) serves industries that process, handle, and package dry particulate matter, including the food, chemical, and pharmaceutical markets.

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