Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalAkzoNobel, is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalThe company has a representative office and three offices in Russia. The company business in Russia represented about 2% of the company revenue.
The company stopped the supply of protective coatings for the aerospace industry due to the imposed sanctions and stopped investments. The company continues to supply goods to households. Paint giant AkzoNobel paid millions of euros in corporate tax to the Kremlin. Akzo Nobel NV announces that by decree of the President of the Russian Federation, its Russian subsidiaries have been placed under temporary external management effective July 13, 2026. Operational oversight of these subsidiaries is transferred to a designated external entity, while the underlying ownership of Akzo Nobel remains unchanged.