Henkel to Leave Russia by the End of March

The German company Henkel AG presented its financial statements for 2022 and announced its intention to completely withdraw from Russia.

The report says that the business activities in Russia are expected to be divested by the end of the first quarter of 2023. It also says that last year, the company increased global sales by 11% to almost 22.4 billion euros, while profits amounted to 1.8 billion euros against 2.2 billion a year earlier.