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Chemical Companies Pulling out of Russia

Here is a list of companies in our industry that have taken a stand against Russia's invasion of Ukraine.

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

  •  Clariant is suspending business in Russia. The company runs a sales office and laboratory in Moscow and derives 2% of its sales, approximately $94 million.

  •  LyondellBasell Industries announced that it will not enter new business transactions or relationships with Russian state-owned entities.

  •  Solvay is suspending operations and new investments in Russia. It is also suspending the dividend payments it receives from RusVinyl, its integrated polyvinyl chloride joint venture with Russian petrochemical maker Sibur. 


*Source Chemical and Engineering News

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