REVERSAL: Koch Industries Planning Exit From Russia

The Hill reports:

Koch Industries is working on an “exit strategy” for its business in Russia, after previously saying that employees at its glass factories in the country faced personal risks if it pulled out.

The company, headed by political mega-donor Charles Koch, would join hundreds of other multinationals, many that halted operations in Russia early on during its war on Ukraine.

President and Chief Operating Officer Dave Robertson sent a company-wide memo on Thursday telling employees it is developing an “exit plan” for Guardian Industries after an attempt to completely shut down its factories led to threats against its employees from the government.

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SCOOP: Koch Industries is working on an “exit strategy” for company in Russia after sanctions make it ‘untenable’ to stay

Koch says it has to grapple with how to shut down the factories as the Russian government threatens employeeshttps://t.co/RYJZhLq9AK

— Lexi Lonas (@Lexi_Lonas) April 21, 2022