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Ukrainian FM Kuleba Urges German Companies To Leave Russia

UKRAINE
EM BulletFixed IncomePolitical RiskPolitical Risk BulletBulletMarketsEmerging MarketsForeign ExchangePolitical Market News

Ukrainian Foreign Minister Dmytro Kuleba has issued a statement on Twitter urging German company to cease operation in Russia.

  • Kuleba: 'As Russia keeps committing heinous atrocities in Ukraine, revenues of foreign companies still doing business in Russia are stained with Ukrainian blood. I urge German businesses to pull out of Russia and relocate to Ukraine. This will be a sincere contribution to peace in Europe.'
  • The statement follows an announcement today from German firm Siemens of a planned withdrawal from Russia.
  • Siemens has 3,000 employees in Russia and has done business there for 170 years.
  • Today's public censure from Kuleba appears to counter the narrative that the German-Ukrainian relationship had improved in recent days after a protracted dispute over Germany's economic ties with Russia.
  • Yesterday, German Chancellor Olaf Scholz and FM Annalena Baerbock both reported productive meetings with their Ukrainian counterparts.
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Ukrainian Foreign Minister Dmytro Kuleba has issued a statement on Twitter urging German company to cease operation in Russia.

  • Kuleba: 'As Russia keeps committing heinous atrocities in Ukraine, revenues of foreign companies still doing business in Russia are stained with Ukrainian blood. I urge German businesses to pull out of Russia and relocate to Ukraine. This will be a sincere contribution to peace in Europe.'
  • The statement follows an announcement today from German firm Siemens of a planned withdrawal from Russia.
  • Siemens has 3,000 employees in Russia and has done business there for 170 years.
  • Today's public censure from Kuleba appears to counter the narrative that the German-Ukrainian relationship had improved in recent days after a protracted dispute over Germany's economic ties with Russia.
  • Yesterday, German Chancellor Olaf Scholz and FM Annalena Baerbock both reported productive meetings with their Ukrainian counterparts.