The German concern Henkel AG, one of the world’s leading manufacturers of household and industrial chemicals, stops all investments in Russia due to the situation around Ukraine, although it will continue to supply its products to the Russian Federation for the time being, it follows from the agency’s message.

“We fully comply with all sanctions against Russia, its government and the financial sector. In addition to sanctions, we are freezing all our future investments in Russia, for example, the expansion of production. We are also stopping advertising in state media and will cancel all sponsorship activities in Russia,” the words of Henkel CEO Carsten Knobel are quoted in the message.

At the same time, it is noted that for the time being Henkel will continue to supply goods to Russia, such as household goods and personal hygiene products, but will monitor developments and make further decisions in accordance with them.

Henkel also reports that it has provided emergency financial assistance for more than 1 million euros to all employees affected by the current situation.

Henkel Group of Companies is one of the largest European chemical concerns producing household chemicals, cosmetics and construction products. As of the end of 2021, the company’s staff was 52 thousand people. Net profit attributable to shareholders increased by 16% last year to 1.634 billion euros.