Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalRheinmetall
Rheinmetall
Rheinmetall AG is a German automotive and arms manufacturer, headquartered in Düsseldorf, Germany. Its shares are traded on the Frankfurt stock exchange.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalGlob.Revenue, mln.USD
7766
The Company Statement
July 10, 2023
A subsidiary of defense contractor and automotive supplier Rheinmetall was still selling engine spare parts to Russia. The last deliveries were made in June 2022, Rheinmetall announced in Düsseldorf on Tuesday 20.06.2023. The transactions were carried out within the framework of existing contracts and the provision of the goods was delayed until June because the official inspection and approval procedures were time-consuming and complex. The aim was to avoid contractual penalties by making the goods available. In the spring of 2022, Rheinmetall's Executive Board had declared that it would discontinue its already small Russian business. Rheinmetall will open a plant for the production of armored vehicles in Ukraine within 3 months.
October 29, 2024 | German Rheinmetall plant in Ukraine is 'legitimate' target for Russia, Kremlin says |
July 24, 2024 | Rheinmetall's profit increased manifold against the background of the growing threat from Russia |
July 12, 2024 | Germany refuses to be intimidated by Russia following a reported plot against Rheinmetall CEO |
March 15, 2024 | Rheinmetall announced plans to build four weapons factories in Ukraine |
August 08, 2023 | The German concern Rheinmetall bought Leopard tanks from Belgium for Ukraine |
July 21, 2023 | Rheinmetall not to abandon plans to build tank plant in Ukraine despite Russian threats |
July 10, 2023 | Rheinmetall will open a plant for the production of armored vehicles in Ukraine within 3 months |
June 21, 2023 | Rheinmetall to supply Ukraine with two Forward Surgical Team stations | Rheinmetall |
June 20, 2023 | Rheinmetall subsidiary still selling components to Russia long after 2022 |
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