Sweden-headquartered Nynas says the Russian invasion of Ukraine and its tragic consequences throughout the region have prompted it to reconsider its supplies from Russia and also sales to the country.
Sales to customers in Russia and Belarus were stopped at the end of February until further notice, and Nynas has now also decided to halt purchase of feedstock of Russian origin. The company says it has previously to a various degree purchased feedstock with Russian origin from western non-Russian suppliers.
”We in Nynas, like everyone else, are hoping for an urgent end to the Russian invasion of Ukraine to stop the ongoing humanitarian catastrophe,” said Bo Askvik, Nynas president & CEO. "The decision as communicated is taken even though the export of crude oil and gas from Russia are not today subject to sanctions."
Nynas says it has alternatives to Russian feedstocks, and will increase that part of its raw material supply. The company adds that it is also evaluating new suppliers on a continuous basis.
