International companies with exposure to Russia are closely following Western sanctions on the country after an escalation in the Ukraine crisis.
Register now for FREE unlimited access to Reuters.comThe conglomerate has five engineering bases in Ukraine of GlobalLogic, which it acquired last year, and roughly 7,200 staff working in places including Kyiv and northeastern Kharkiv.
Hitachi said it does not expect a significant impact on those businesses and operations are continuing.Japan's former tobacco monopoly relies on the Commonwealth of Independent States, including Russia and Belarus, for about a fifth of its profits.employs about 4,000 people at its Russian plants, and its tax payments in 2020 accounted for 1.4% of the Russian Federation state budget, the company said on its website.
It has one factory in Kremenchuck, central Ukraine, where it has been expanding production. A spokesperson for the company said it was keeping an eye on developments.The Japanese trading house has offices in the Ukraine capital Kyiv and in Dnipro in the east that trade in chemicals and fertilizers and distribute Hitachi Construction Machinery mining equipment.
Marubeni's three Japanese workers in Ukraine have already left, a spokesperson said. It also has four offices in Russia, where it sells tyres for mining equipment and manages a health check-up centre.vehicles through some 141 dealerships in Russia and has a stake Sakhalin II gas and oil development project that supplies Japan with liquefied natural gas and trades coal, aluminium, nickel, coal, methanol, plastics and other material. It also supplies power plant equipment and other machinery.
plant in Russia makes Camry and RAV4 vehicles, and it has a sales office in Moscow. It has about 2,600 people, including 26 Japanese nationals, at those locations."All employees in Ukraine are requested to work from home where possible and to avoid business travel. All of our employees in Russia continue to work as normal," BASF
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