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

Leave Withdrawal

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

Leave Withdrawal

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
931
Staff
1579
Capital, mln.USD
420
Taxes, mln.USD
144
Glob.Revenue, mln.USD
83094
Assets, mln.USD
386
Taxes, 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
April 27, 2022

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.

January 19, 2023BASF shareholders say Russia exit sets up oil and gas IPO
March 03, 2022BASF has abandoned almost all new projects in Russia and Belarus
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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