Topsoe, the global supplier of a wide range of catalysts and process technology formerly known as Haldor Topsoe, has published a statement announcing its withdrawal from Russia and Belarus. The move includes shuttering the office in Moscow, which currently employs around 80 people.
The announcement, which is worded in extremely strong terms, follows the company’s earlier decision to halt all new business activity in Russia and Belarus.
“We are horrified about the Russian invasion of Ukraine, that leaves the Ukrainian people to suffer. Immediately after the invasion, we chose to go even further than the imposed sanctions and put a full stop for all new business activity in Russia and Belarus, as we did not want to support this illicit and brutal aggression from Russian side,” said CEO Roeland Baan.
Topsoe is currently in the process of settling all formal obligations in Russia and Belarus including voluntary liquidation, a process it expects to complete within a few months.
“My deepest concern related to our exit is our talented colleagues in Moscow, who have been part of the company for years. We all deeply care for our affected colleagues, and fortunately we have found appropriate jobs for some of them in other parts of our global oriented organization,” Roeland Baan said.
Topsoe is headquartered in Denmark. The company has 2,100 employees serving customers all around the globe.