(Bloomberg) — Koch Industries will continue to operate its two glass manufacturing facilities in Russia, according to a company statement.
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Koch’s Guardian Industries operates the two facilities, which employ about 600 people. The company has no other physical assets in Russia, Chief Operating Officer Dave Robertson said in a statement Wednesday. Koch is complying with sanctions and regulations regarding Russia, Robertson said.
“While Guardian’s business in Russia is a very small part of Koch, we will not walk away from our employees there or hand over these manufacturing facilities to the Russian government so it can operate and benefit from them,” Robertson said.
U.S. Senate Majority Leader Chuck Schumer and Finance Committee Chairman Ron Wyden said in a joint statement Thursday that Koch must suspend its operations in Russia.
“Koch Industries is shamefully continuing to do business in Putin’s Russia and putting their profits ahead of defending democracy,” they said in the statement.
Major companies, including McDonald’s Corp. and Coca-Cola Co. have temporarily halted business operations in Russia amid an intensifying backlash since its invasion of Ukraine.
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