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

Leave Withdrawal

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 Withdrawal
Revenue(RF), mln.USD
1
Staff(RF), 2021
7
Capital(RF), mln.USD
1
Assets(RF), mln.USD
1
Glob.Revenue, mln.USD
7040
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.

March 15, 2024Rheinmetall announced plans to build four weapons factories in Ukraine
August 08, 2023The German concern Rheinmetall bought Leopard tanks from Belgium for Ukraine
July 21, 2023Rheinmetall not to abandon plans to build tank plant in Ukraine despite Russian threats
July 10, 2023Rheinmetall will open a plant for the production of armored vehicles in Ukraine within 3 months
June 21, 2023Rheinmetall to supply Ukraine with two Forward Surgical Team stations | Rheinmetall
June 20, 2023Rheinmetall subsidiary still selling components to Russia long after 2022
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
Scanner