The Swiss concern Sulzer announced its withdrawal from Russia

The Board of Directors of Sulzer, a major manufacturer of equipment for the oil and energy industry,expressed regret at leaving and announced the sale of Russian assets

The Swiss concern Sulzer, one of the world's leading manufacturers of pumps for the oil and gas and energy industries, announced its withdrawal from RUSSIA and the sale of assets in the country. This is stated in a statement on the company's website.

“The Board of Directors regrets having to make such a decision after decades of working in Russia, but after carefully considering the options, it concluded that this is the best option for all stakeholders,” the message says.

Sulzer expressed its gratitude to employees around the world for working in the current stressful environment and noted that it will continue to support the 300 staff in Russia during the process of going out of business.

Sulzer manufactures and services pumps, machine tools and other industrial equipment for the oil, petrochemical, pulp and paper and other industries. The order book for 2021 was about 3.2 billion Swiss francs.

According to SPARK, Sulzer has several subsidiaries in Russia. Among them are Sulzer Turbo Services Rus (service of power gas turbines, among customers are Gazprom Energoholding, T Plus, TGC-2 and others), Sulzer Chemtech (production and service of heat exchangers and other equipment for the fuel and energy complex and petrochemistry), "Sulzer pumps".

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Since the beginning of the Russian military operation, many countries, including members of the European Union, have introduced several packages of sanctions against Moscow. Switzerland on March 16 “copied” the EU sanctions against Russia. Many foreign companies have announced their withdrawal from Russia, including the Swiss Zurich Insurance, Lindt, Swatch Group AG and Rolex.

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In early March, BLOOMBERG reported that Russia had surpassed Iran, Syria and North Korea in terms of the number of sanctions against its individuals and legal entities. According to the agency, since February 22, the number of sanctioned objects has exceeded 5530. They are followed by Iran (3616), Syria (2608), North Korea (2077), Venezuela (651), Myanmar (510) and Cuba (208).