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Henkel to Exit Business in Russia Over Ukraine Invasion

Adhesive Production At The Henkel AG Headquarters

Photographer: Jasper Juinen/Bloomberg

German chemicals maker Henkel AG will exit its business activities in Russia, joining a parade of companies leaving the country over the war in Ukraine.

Henkel will work closely with its teams in Russia to ensure an orderly process, the Dusseldorf-based manufacturer said in a statement Tuesday. The financial impact of the decision can’t be quantified at this time, the company added.