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

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Viciunai Group was established in 1991. The company is one of the largest and economically powerful producers of crab taste sticks, surimi products and fish in Europe. The group trades under the brand name „VICI“ in more than 61 countries around the world. Viciunai Group consists of 80 companies in 21 countries. The group employs more than 5000 enthusiastic people across its 9 processing sites.

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

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Revenue(RF), mln.USD
492
Assets(RF), mln.USD
191
Capital(RF), mln.USD
90
Staff(RF), 2021
1848

Vičiūnai Group factory in Kaliningrad is considered to be one of the largest Lithuanian business investments in Russia.

The Company Statement
April 08, 2024

Selling Russian operations and exiting Russia but returned supply of raw materials in RF as "it was a condition of the buyer". Viciunai continue their business as usual in Russia without any reductions despite their statements, attempt to exit Russia. Dragging feet on exiting Russia despite announcement. Viciunai successfully defends Russian trademark in court. NACP added Viciunai Group to the list of international war sponsors. The Lithuanian company Vičiūnai supplied Russia with sanctioned goods, in particular, for the production of tanks. Lithuanian surimi producer Viciunai Group has found a buyer for its Russian business almost two years after announcing its exit from the country. The Russian authorities have approved the agreement on the transfer of 100% ownership of Vicunay-Rus LLC, the Russian division of the company, to the management company Ocean Group, which was established in June 2023.

April 12, 2024The Lithuanian company Vičiūnai supplied Russia with sanctioned goods, in particular, for the production of tanks
April 08, 2024Lithuanian crab stick manufacturer Vici is preparing to part with Russian business
January 04, 2024Still feeding the aggressor: NACP added Viciunai Group to the list of international war sponsors
January 04, 2024Viciunai Group - International sponsor of war | War and sanctions
January 04, 2024Feeding the aggressor: Corruption Prevention Agency adds food manufacturer Vici to list of international sponsors of war
November 30, 2023VICI has already stated that their plant in the Russian Federation “will not close”
August 15, 2023Viciunai successfully defends Russian trademark in court
April 17, 2023Matijošaitis now says he has no idea when "Vičiūnai" will leave Russia: it was supposed to be April 7, but so far it's quiet
March 05, 2023Kaunas mayor vows that his business will exit Russian market
September 27, 2022Vičiūnai Group, which is still operating in Russia, does not want to open up about employee mobilization and claims to have "important business challenges"
July 18, 2022The position of "Viciunai Group" regarding the termination of business relations with Russia
June 20, 2022Viciunai Group will sell the entire business package in Russia to the chosen buyer
May 18, 2022Viciunai Group advisors have compiled a long list of potential business buyers in Russia, including more than 30 companies
April 06, 2022The Lithuanian product manufacturer Viciunai Group will leave the Russian market
March 15, 2022OFFICIAL NOTICE OF VICIUNAI GROUP ON TERMINATION OF BUSINESS IN RUSSIA
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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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