Vestas is to stop any new commercial activity in Russia over the “indefensible war” being waged by Moscow in Ukraine.
The Danish turbine manufacturer said it is has taken the decision after its “manufacturing, transportation, construction and service operations in Ukraine and Russia” were “severely disrupted” by the conflict.
The company condemned the Russian government in a statement today as well as the “atrocities that Russian forces are committing” in Ukraine.
“Many of our employees and their families have been displaced and fear for their safety and for their future,” said the Danish outfit.
“We worry about the well-being of our colleagues, customers and business partners in the besieged country.
“The existence of this violent conflict is inexcusable and untenable.
“In light of the ongoing and indefensible war initiated by the Russian government, Vestas will stop any new commercial activity in Russia until further notice.”
A spokesman added the company currently has a limited number of ongoing projects “that we will complete to deliver on our existing commitments”.
Service operations in Russia and Ukraine will only continue where the company can ensure the safety of technicians.
“The situation continues to develop fast, and in addition to the above, we continue to assess what further impact the war and any sanctions could have on Vestas,” added the statement.