German consumer goods group Henkel leaves Russia

German buying goods group Henkel, which incorporates the Schwarzkopf beauty logo and Pritt adhesive, said on Tuesday it would be among a series of other organizations exiting the Russian market.

Henkel is “determined to move its business operations out of Russia,” where it employs 2,500 people, the agency said in a statement.

The monetary effect on the Düsseldorf-based group “cannot be quantified at this time”, he added.

Henkel announced in early March that it would prevent investment in Russia while continuing to supply the market with “vital goods” through its range of family and personal hygiene products.

Prior to the outbreak of the dispute, approximately 5% of Henkel’s sales came from the Russian market.

The organization’s publicity reflects the close ties the German business enterprise has sought to develop with Russia.

A wave of German groups headed for the exit door following the invasion of Ukraine.

In the aftermath, flagship automakers including Volkswagen, BMW and Mercedes-Benz said they could prevent exports to Russia and drop production of their flowers in the United States.

Others have decided to continue their operations in Russia, despite Western sanctions against the government of President Vladimir Putin.

Major pharmaceutical group Bayer has shut down “non-essential business enterprise” but continues to supply Russia with health and agricultural products.

Wholesaler Metro continued operations, citing a “responsibility” to customers who purchased meals from the employer.

Ritter Sport, typically rectangular chocolate bars, also stayed in Russia and earned the ire of Ukraine’s Ambassador to Germany, Andriy Melnyk, who called out the company on Twitter.

The confectioner said in the calm of March that he would donate the proceeds from the Russian market to “humanitarian resource companies”.

James R. Rhodes