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
OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >KSH: investment performance decreased by 8.0 percent compared to a year earlier
The volume of investments in the second quarter of 2025,…
Read more >MTÜ: almost 800 thousand people participated in the St. Stephen’s Day celebrations in Budapest
According to mobile data, more than 798,000 people with mobile…
Read more >