Companies shut Ukraine operations, assess impact of sanctions on Russia

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Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday (Feb 24) following Russia's invasion, while UPS and FedEx suspended services in and ou

Ukraine closed its airspace as Russian forces attacked in the early hours, leaving budget airline Wizz Air trying to evacuate its Ukrainian-based crew, their families and four planes stuck in Kyiv and Lviv.

Denmark's Carlsberg, which has a 31 per cent share of Ukraine's beer market, suspended production at all three of its breweries in the country, while Coca-Cola HBC said it had triggered contingency plans which included shutting its bottling plant.Global shipping giant Maersk halted port calls in Ukraine until the end of February and closed its main office in Odessa on the Black Sea coast while Danish freight forwarder DSV said it had shut its operations in the country.

Fortum said the two companies together owned 12 power plants in Russia and employed 7,000 people there but because energy production had not been sanctioned, their operations had not been directly hit. Britain's biggest domestic bank, Lloyds, warned it was on heightened alert for cyberattacks from Russia while some companies said supplies of key raw materials could suffer.

 

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