Hamburg/Moscow, 12 May 2022. The Biesterfeld Group has decided to adjust its activities to the global economic context and to discontinue operations in Russia for the time being.
Due to the factual inability to proceed with the sales on the Russian market and due to other business related issues, we will take all possible measures in accordance with Russian law to provide for equal and fair treatment for all our employees and to make sure that they will be financially supported to the highest possible extent.
Biesterfeld Group values its employees highly and expresses deep gratitude to all the team members in Russia for their efforts and outstanding performance, despite the adverse economic environment.
We will continue to monitor the business situation intensively and continuously examine whether and in what form it may become possible to come back to the market.