Norwegian chemicals company Jotun stops business operations in Russia

Morten Fon - JotunPhoto: Heiko Junge / NTB

The Norwegian chemicals company Jotun is shutting down operations in Russia indefinitely due to the war in Ukraine.

“We have been established in Russia for a long time. We have a good team and a modern factory in the country. Based on an overall assessment, we find it both correct and necessary to close the business,” CEO Morten Fon of Jotun stated in a press release.

The backdrop is Russia’s military invasion of Ukraine, as well as the sanctions the EU and several countries have imposed on Russia. Fon says that Jotun fully supports the international community’s response to the situation.

The company has been established in Russia since 1989 and has had production in the country since 2017. There are 300 Jotun employees in the country. They also have four employees in Ukraine.

“The safety of employees in Ukraine and Russia is now Jotun’s main priority,” Fon stated.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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