Russia’s recent attack on Ukraine is the reason thousands of companies across the globe have recently cut ties with Russia. With Western sanctions intensifying, companies like Apple, Ford and Exxon Mobil have all announced they will suspend or halt business operations in Russia.
Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on email
Lely recently announced it will immediately cease commercial activities throughout Russia and Belarus. (Farm Journal)

Lely, one of the leading dairy technology companies in the world, is now among this ‘banned business’ list, as they recently announced they will immediately cease commercial activities throughout Russia and Belarus.

“Lely is shocked by Russia’s military invasion of Ukraine,” the company said in a press release. “The Ukrainian people are in the midst of a war and face great uncertainty. Our thoughts are with the people directly affected by this crisis. Lely condemns Russia’s invasion and is immediately ceasing commercial activities in the region. This means that we will stop supplying robots to Russia and Belarus.”

According to NPR, Russia is buckling under a raft of severe wide-ranging sanctions imposed by the U.S. and its allies. The impact from these sanctions have deepened the country’s economic pain following its invasion of Ukraine.

“As a global supplier of dairy farm robots, we are aware of our role in global food supply, including in Ukraine, Russia and Belarus,” Lely says. “We want to do right by the interests of the population (food supply), cows (animal welfare) and the promises we have made to our farmers, among others. On the other hand, we condemn all forms of violence used by Russia in this crisis. The current actions are not compatible with our values, and this has made us decide to completely stop our commercial activities in Russia and Belarus.”

Lely says it will not unilaterally stop supporting existing farmers in Russia, Belarus and surrounding countries due to the only reason of supplying parts and maintenance products to existing customers who are not on a sanctions list. The company says this is in the interest of supporting animal welfare and acknowledging the role farmers have in the country’s food supply.

A2 Milk Company Ltd (ATM.NZ) said on Wednesday the U.S. Food and Drug Administration (FDA) deferred its request to sell infant milk formula products in the United States, sending its shares down more than 12%.

You may be interested in

Deja una respuesta

Tu dirección de correo electrónico no será publicada.

To comment or reply you must 

or

Related
notes

Cerrar
*
*
Cerrar
Registre una cuenta
Detalhes Da Conta
*
*
*
*
*
Fuerza de contraseña

SUBSCRIBE TO OUR NEWSLETTER