Stora Enso backs all sanctions against Russia, says company's CEO Anica Bresky.
Stora Enso will stop all production and sales in Russia until further notice "due to the ongoing invasion in Ukraine." The company will also stop all exports and imports to and from Russia, Stora Enso announced today.
Stora Enso group employs around 1,000 people and runs three corrugated packaging plants and two wood products sawmills in Russia. The share of Russian's sales in the group's total sales is reported at approximately 3 per cent. "The impact on Stora Enso's sales and Ebit is not material," the company explained.
EUWID Pulp and Paper keeps you up-to-date on the impact of Russia-Ukraine war on the international pulp and paper markets.