Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Linde PLC is a multinational chemical company. Founded in Germany, since 2018, after a merger with the American company Praxair, the headquarters is located in the British city of Guildford, and formally registered in Ireland.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Revenue(RF), mln.USD
111
Assets(RF), mln.USD
98
Capital(RF), mln.USD
49
Glob.Revenue, mln.USD
33364
Staff(RF), 2021
310
Taxes(RF), mln.USD
36

An investigation of Der Spiegel/ZDF and Le Monde found that EU companies (including Linde) are helping the Kremlin to implement a strategic project in the Arctic. A Russian court has ordered the seizure of 13 ISO containers for liquid helium owned by Germany's Linde and put them under the control of RusKhimAlyans, a subsidiary of gas giant Gazprom , according to a Russian court ruling. The court had previously ordered nearly $500 million of assets belonging to Linde to be frozen at the request of the joint venture.

The Company Statement
October 19, 2023

Reducing some customer deliveries and divesting industrial assets (no details). Continuing to provide medical and safety critical products. Suspending sanctioned projects and planning for new projects in Russia. Statement condemning the Russian invasion of Ukraine. (Five offices in Russia; one in Belarus. Ammonia production factory joint venture with JSC KuibyshevAzot. One of the partners in a Novatek contract for the Arctic LNG 2 export project). Despite publicly announcing the suspension of any new projects in Russia after the invasion of Ukraine in February 2022, Linde diligently fulfilled its contracts for the "Arctic LNG 2." In particular, Linde shipped at least three batches of equipment to Russia, including one registered with the Russian customs on June 1, 2022.

January 10, 2024Russia left out in the cold as US sanctions torpedo LNG project
November 03, 2023Russian court orders seizure of Linde's liquid helium containers
October 19, 2023EU companies are helping the Kremlin to implement a strategic project in the Arctic - an investigation
October 19, 2023Russia hopes to begin production at its new Arctic LNG 2 liquefied natural gas megaplant by the end of the year
March 06, 2023Linde answered the question about the possible resumption of work in Russia
January 02, 2023Russia freezes Linde assets worth $488 mln
June 21, 2022German Linde may withdraw from the project with Gazprom regarding the construction of a LNG plant - media
March 17, 2022Information to our customers due to the war in 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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