As a consequence of the Russian aggression against Ukraine, the geopolitical and economical context in Europe is evolving rapidly under many new sanctions and constraints.
Antalis has a strong historical presence in Eastern Europe and our thoughts go first towards those suffering from this war. Antalis and its employees will provide direct financial support to humanitarian associations dedicated to assisting Ukrainian refugees.
Antalis has no business activities in Ukraine, nor specific product sourcing coming from the country, and the turnover of our Russian subsidiary accounts for less than 0.3% of the Group’s total turnover.
Although today it continues to service the local market with the involvement of its 30 employees, sourcing conditions from abroad are becoming increasingly difficult.
From an overall European perspective, Antalis has stopped all sourcing from Russian suppliers. With no sourcing dependency on any of them, Antalis will seek to provide alternatives to its customers in an already tight paper market.
Antalis fully complies with all governmental instructions related to trade restrictions and will continue to monitor the evolution of this tragic situation.
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