THE WHAT? Henkel has reported that it will continue operations in Russia despite the ongoing industry-wide condemnation of its invasion of Ukraine.
THE DETAILS During its general meeting Chairperson Simone Bagel-Trah told shareholders that the company’s activities are subject to restrictions and that management would follow current geopolitical developments very closely, taking further measures if necessary.
Henkel previously stopped all investment in the country in March, including advertising and sponsoring measures.
THE WHY? Discussing the company’s restrictions, Bagel-Trah said, “This is sometimes viewed very critically by the public. So, it is important to me to stress we are fully applying all applicable sanctions.”