AAK (publ.) has decided to temporarily halt deliveries to, and sales in, Russia. Even though AAK is a supplier in the food sector, which is not subject to sanctions, it has become very difficult to secure compliance to sanctions related to logistics and trade flows as well as third parties.
AAK has a sales office in Ukraine with approximately 10 employees, whose safety is our main focus. We are in continuous dialogue with them and will do our utmost to ensure their continued safety.
Russia makes up for some 3 percent of AAK’s volumes, as measured in metric tons, and Ukraine makes up less than 1 percent. AAK continuously evaluates the situation and will adopt accordingly.