Smurfit Kappa has decided to exit Russian market
Smurfit Kappa Group plc (‘SKG’ or ‘the Group’) announces that it has decided to exit the Russian market. The Group has already suspended support for its Russian operations including any imports and exports and any short or long term funding. This exit will be effected in an orderly manner, during which we will continue to pay our employees and fulfil our legal obligations. Our Russian business represents less than 1% of forecasted sales
Smurfit Kappa stands in solidarity with the people of Ukraine and everyone impacted by the totally unjustified attack on Ukraine and its people. The Group is providing, and will continue to provide, substantial humanitarian support for the Ukrainian people. We are also assisting the families of SKG employees and contractors from Ukraine as well as providing products and services to support the relief effort together with financial assistance to a number of aid agencies. We have also partnered with the Red Cross to provide funding to support their vital work.
Related news
KSH: the foreign trade surplus in goods was 978 million euros in June
The surplus in foreign trade in goods in June was…
Read more >Hungarian melons are gaining momentum again: the growing area has increased, exports are strengthening
Although the first melons of this summer have already appeared…
Read more >Milk prices have risen, cottage cheese prices have fallen: the domestic dairy market is undergoing transformation
The price of domestic dairy products showed a significant annual…
Read more >Related news
EU Sees 2% Growth In Ice Cream Production In 2024: Eurostat
Ice cream production in the EU increased by 2% year-on-year…
Read more >Oatly Is Launching A Ready-To-Drink Matcha Latte Oat Milk This Summer
Oatly is the latest plant-based milk brand to launch a…
Read more >The Hungarian Central Statistical Office (KSH) reported better-than-expected GDP data
In Q2 2025, Hungary’s GDP figures published by the HCSO…
Read more >