Statement on the Russian invasion of Ukraine

The Executive Board of thyssenkrupp AG condemns the Russian war of aggression in Ukraine. Needless to say, thyssenkrupp will ensure compliance within the company with all the sanctions and trade restrictions imposed on Russia.

thyssenkrupp’s business with Russian customers is negligible: Sales in our segments in the last fiscal year amounted to well under one percent of total sales for the group. thyssenkrupp has five engineering and sales sites in Russia; just under 420 of around 100,000 employees worldwide work there.

Almost all segments have already stopped the acquisition of new business in Russia. All investments in Russia have been stopped. The Automotive plant at the Kaluga site has been shut down. In addition, we are currently reducing personnel at other sites in Russia and thus scaling down our business activities.

Previously, Steel Europe, in particular, purchased some of its coal and ore for steel production from Russia. We are currently readjusting our purchasing strategy, and have already gradually developed alternative sources of supply.