Clean Break: the company completely halting Russian engagements or exiting Russia

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BASF is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa.

 
 
 
 
 

Clean Break: the company completely halting Russian engagements or exiting Russia

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Germany
Chemical Industry

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
323
Assets(RF), mln.USD
262
Capital(RF), mln.USD
137
Glob.Revenue, mln.USD
74565
Staff(RF), 2021
1579
Taxes(RF), mln.USD
144

BASF's interests in Russia are represented by several joint ventures. The Company, together with Gazprom, is involved in the development of the Achimov formation of the Urengoy gas condensate field, as well as in the construction of the Nord Stream and South Stream gas pipelines. The company also owns a stake (25% minus 1 vote) in Severneftegazprom, which owns the license to develop the Yuzhno-Russkoye oil and gas field.

The Company Statement
May 07, 2024

BASF decided to wind down the company’s remaining business activities in Russia and Belarus by the beginning of July 2022. Exempt from this decision is business to support food production. Partial exit (had 4 companies). 07.2023: The record about the founder of CONSTRUCTION RESEARCH AND TECHNOLOGY GMBH has been deleted. The record about the founder MASTER BUILDERS SOLUTIONS DEUCHLAND GMBH has been removed. MBSS HONG KONG LIMITED becomes the new founder of the organization. MBSS HONG KONG ESTABLISHMENT LIMITED becomes the new founder of the organization. President Vladimir Putin signed an order authorizing Lakra Sintez, one of the largest manufacturers of paints and varnishes in the Russian Federation, to buy 100% of shares in BASF Vostok, a subsidiary of the German concern BASF in Russia. Significantly decreased revenue in 2023 vs 2022. 06.2024: LAKRA SINTEZ LLC becomes the new founder of the organization LLC "BASF Vostok". The entry about the founder of BASF COATINGS GMBH has been removed from the Unified State Register of Legal Entities.

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Statements Archive
June 28, 2024LLC "BASF VOSTOK" - Pavlovsky Posad - General Director Belyakov S.I. - Taxpayer Identification Number 7710317252
October 27, 2023AMCU fined chemical concern BASF for merging with a company of Russian oligarchs 4 years ago
August 07, 2023FT estimated damage to European companies since the beginning of the conflict in Ukraine at €100 billion
August 07, 2023FT: The largest European companies have lost 100 billion euros in Russia since the beginning of the war in Ukraine
August 06, 2023European companies suffer €100bn hit from Russia operations
February 16, 2023BASF IN FOCUS: Expensive departure of subsidiary from Russia
January 19, 2023BASF shareholders say Russia exit sets up oil and gas IPO
June 16, 2022BASF subsidiary profits from Germany’s Russian gas addiction
May 03, 2022BASF has abandoned almost all new projects in Russia and Belarus
April 27, 2022BASF to wind down activities in Russia and Belarus except for business that supports food production
March 03, 2022BASF strongly condemns the attack on Ukraine ordered by the Russian government. We stand in solidarity with the people of Ukraine and hope that this war ends as fast as possible.
March 01, 2022BASF donates €1 million in emergency humanitarian aid to Ukraine
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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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