RUSSIA PAINT SECTOR DISRUPTED BY INVASION OF UKRAINE, WHOSE COATINGS INDUSTRY FACES DEVASTATION
April 25th, 2022
The Russian paint industry is being disrupted by its government’s invasion of Ukraine, with foreign coatings majors quitting the country, hit hard by resulting financial and trade sanctions. Ukraine’s smaller paint and coatings sector has been devastated by the miliary action, with factories and offices destroyed and supply chains wrecked.
With Russian military action continuing a war that the UN said on April 17 had killed 2,072 civilians, the Netherlands’ AkzoNobel, Norway’s Jotun, Denmark’s Hempel and Finland’s Teknos all announcing the suspension ...
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