BRAND-NEW
The industry’s response to the Russia-Ukraine war
Solvay Suspends Operations in Russia and Provides Aid to Ukraine Solvay has donated €1 million to support Ukraine and has decided to suspend its activities and new investments in Russia.
E
xtremely concerned about the humanitarian crisis that is unfolding
Additionally, private employee donations will also help address growing
following the hostilities in Ukraine, Solvay has decided to suspend
humanitarian needs.
its operations and new investments in Russia. Additionally, Solvay
“Solvay is deeply saddened by the loss of life and suffering in Ukraine”,
will suspend dividend payments from Rusvinyl, an independent 50:50 joint
said Ilham Kadri, CEO of Solvay. “Our top priority has been the safety of
venture in Russia.
our colleagues in Ukraine. We are taking action to support the ongoing
Through the Solvay Solidarity Fund, the Belgian chemical company
humanitarian efforts to ease the suffering of those impacted by this crisis.”
donated 1 million euros to the Belgian and International Red Cross in
“We stand behind all our employees, including our Ukrainian and Russian
support of relief efforts for affected civilians in Ukraine. The funds will
colleagues in such an unprecedented crisis, and will provide all the
help provide access to clean water, medicine and medical equipment,
necessary support, including salaries and benefits. We thank them all for
repair vital infrastructure and improve the living conditions of families.
their continued dedication and resilience”, continued Dr. Ilham Kadri.
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