The war in Ukraine confronts us all with a complex geopolitical situation. We are deeply saddened by the humanitarian tragedy and suffering, our thoughts are with those whose lives are threatened by the terrible war. The war in Ukraine is a tragic and dangerous event which we view with the utmost consternation. Our deepest sympathies go out to all the direct and indirect victims of Russia’s military action. We call for the end of all hostilities, the bloodshed has to stop.
Borealis’ management is closely following the developments around the war in the Ukraine and the sanctions that have been put in place. Considering these developments, Borealis is re-evaluating its business transactions with Russia, in compliance with all applicable laws including, where relevant, US, UK and EU sanctions.
As a company, our key priorities are and remain to ensure the safety of our people while maintaining business continuity. We are in direct contact with our customers to keep them informed on a regular basis.
For the time being we have decided to stop sales to Russia and Belarus. Sales volumes are being redirected to Western Europe.
We are implementing measures required to ensure the stability in procurement of materials for Borealis' production sites. We are phasing out sourcing from Russia and Belarus, shifting to sources from the West.