Mondi announces Russia Exit

I have written on this blog before about the fact that Mondi was supporting the Russian economy and their war machine by continuing to manufacture paper in Russia. The good news is that Mondi has finally confirmed that it plans to divest its Russian operations because of the country's invasion of Ukraine.

Mondi has a substantial presence in Russia with a net asset value of nearly €700m (£600m), and have been reviewing options for their Russian operations since the invasion of Ukraine by Russia.

It's a tough decision but I think we can all appreciate it is the right thing to do. Well don to the Mondi board for making the right call.

You can read the full Printweek article here:

https://www.printweek.com/news/article/mondi-confirms-russian-exit

Posted by Justin Hobson 06.05.2022