Henkel recently announced that it will freeze future investment plans in Russia and stop all advertising in state-owned media, as well as all sponsoring activities. In addition, the company has launched a financial aid package for Ukraine of more than €1 million (approximately $1.1 million).

“We share the shock about the war in Ukraine and stand behind the call of the global community on Russia to immediately withdraw its military forces from Ukraine,” said Carsten Knobel, CEO. “We hope that a diplomatic solution can still be found, and the fighting can be ended to avoid further suffering and a humanitarian crisis. Our highest priority in this situation is the safety of our colleagues in Ukraine, and we are doing everything possible to support them in this dramatic situation. We fully comply with all sanctions against Russia and its government, and the financial sector. Beyond the sanctions, we will freeze all future investments in Russia, for example for site expansions. We have also stopped all advertising in state media and will cancel all sponsoring activities in Russia.”

Henkel reports that it is doing everything possible to support affected employees in this situation. For example, the financial aid package contains financial emergency aid for each affected colleague, a financial donation to the International Red Cross, and paid time off for volunteers who support refugees or aid organizations at the borders.

For the time being, Henkel will continue to supply essential goods in Russia (e.g., household and personal hygiene products). The company reports that it will closely monitor the situation and decide on further measures.

For more information, visit www.henkel.com.