Pause operations: company temporarily curtailing operations while keeping return options open

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ABB is a Swedish-Swiss multinational company specializing in electrical engineering and power engineering.

Pause operations: company temporarily curtailing operations while keeping return options open

Leave Suspension
Revenue(RF), mln.USD
88
Assets(RF), mln.USD
92
Capital(RF), mln.USD
57
Glob.Revenue, mln.USD
28945
Staff(RF), 2021
1116
The Company Statement
February 19, 2023

ABB has decided to exit the Russian market due to the ongoing war in Ukraine and impact of related international sanctions. When the war broke out, ABB stopped taking new orders in Russia. At the same time, it has been fulfilling a small number of existing contractual obligations with local customers, in compliance with applicable sanctions. It was still “working on completing the exit […] in compliance with all applicable laws and sanctions.”

July 21, 2022ABB to exit Russian market
March 02, 2022ABB pauses intake of orders from Russia, Ukraine and Belarus
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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