March 14, 2022

SHV, Nutreco announce no further investments and projects in Russia due to invasion of Ukraine

 

No new investments and projects in Russia, as well exports to the country, will be undertaken, said Nutreco and its parent company SHV in the wake of Russia's invasion of Ukraine.

Currently, Nutreco will continue to asses its obligations "as the situation evolves." The company added that it fully adheres "to the sanctions, both in spirit and in law and make sure we stay compliant in what we do.

"In support of international efforts, we contribute to (aid for) this humanitarian crisis in a practical way. For example, our colleagues from Gaspol (and) our Polish activities from SHV Energy are providing gas bottles for heating to the shelters of refugees."

Nutreco is now working closely with its Ukrainian staff and their families to ensure their safety. "In addition, we are focusing on safeguarding our operations in Ukraine and on ensuring continuity in the wider supply chain," the company said.

"At this moment, we are continuing to work with our suppliers and customers in Russia and the Ukraine as we believe that, as a company that operates in the feed and food industry, it's our social responsibility to support society with a continued supply of food," Nutreco added.

"In doing so, we will work in full compliance with all international sanctions. We are poised to adapt our plans as needed in this changing environment and are continually reviewing the situation together with colleagues in the region."

- Nutreco