Building materials company Kingspan exits Russian market

Russian President Vladimir Putin pictured at the end of March. Image: Mikhail Klimentyev Russian President Vladimir Putin pictured at the end of March. Image: Mikhail Klimentyev IRISH-BASED BUILDING materials company Kingspan has joined the list of organisations leaving the Russian market since the invasion of Ukraine.

The company said it took several weeks to complete the exit “in an orderly fashion, with the safety and welfare of our staff as a key priority”. Another Irish company Kerry Group yesterday said it was suspending all operations in Russia and Belarus in response to the ongoing war in Ukraine. #Open journalism No news is bad news Support The Journal Your contributions will help us continue to deliver the stories that are important to youThe moves follow pressure for companies to leave the Russian market from many including Ireland South Fianna Fáil MEP Billy Kelleher.

If they only done the same in Britain Grenfell

Well that only took a few months...

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Kingspan sells Russian business while Kerry suspends operations thereKingspan sells Russian business while Kerry suspends operations there via IrishTimesBiz
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Legislative changes can target misuse of Irish shelf companies by RussiansSecretive structures can be used by people in corruption-ridden jurisdictions to squirrel away assets under the cloak of Irish-registered entities Most of the Irish economy is based on US companies using these devices to avoid tax and regulation. Without them, we'd be back in the famine. Islamist terrorists use them too.
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