Nynas announces the halt of all feedstock purchases with Russian origin

Stockholm, Sweden – Nynas has decided to halt purchase of feedstock of Russian origin, and sales to customers in Russia and Belarus have also been stopped.

The Russian invasion of Ukraine and its tragic consequences throughout the region have prompted Nynas to reconsider its supplies from Russia and also sales to the country.  Sales to customers in Russia and Belarus were stopped last week until further notice. Nynas announces it has decided to halt purchase of feedstock of Russian origin. Nynas has previously to a various degree purchased feedstock with Russian origin from western non-Russian suppliers.

”We in Nynas, like everyone else, are hoping for an urgent end to the Russian invasion of Ukraine to stop the ongoing humanitarian catastrophe. The decision as communicated is taken even though the export of crude oil and gas from Russia are not today subject to sanctions,” says Bo Askvik, Nynas President & CEO.

Nynas has alternatives to Russian feedstocks, and we will increase that part of the raw material supply. At the same time, we also evaluate new suppliers on a continuous basis.