Clean Break: the company completely halting Russian engagements or exiting Russia
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Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalThe Hessen pharmaceutical company Stada has spun off its Russian business. "The owners of Stada recently decided to separate the Russian business of Stada AG and transfer it to their own company, which works independently and under the name "Nizhfarm", - the company replied.
The Russian authorities are discussing the possibility of introducing barrier duties of 220% on dietary supplements from unfriendly countries. The measure may affect such large manufacturers as Stada, Solgar, Unipharm. 11.2023: The entry about the founder of STADA ARTSNAIMITTEL was removed from the Unified State Register of Legal Entities. AGNIDDA LINKS S.A.R.L. becomes the new founder of the organization (probably internal deal). One of the largest German investors in the pharmaceutical industry of the Russian Federation, the company Stada, is moving its plants into a separate company and preparing them for sale.