March 21, 2023


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Almost all Belgian companies decided to stay in Russia

Almost all Belgian companies decided to stay in Russia

The list of foreign companies that decided to end their activities in Russia is growing day by day. However, this is not the case for Belgian companies.

According to a survey conducted by the newspaper “De Tijd”, almost all Belgian companies decided to stay in Russia. The daily Lecco writes, however, that this applies to the “vast” majority of companies.

“It includes companies of all sizes, which operate in sectors as diverse as pharmaceuticals, transportation, synthetic materials, chemicals and foodstuffs. According to our data, Russian subsidiaries of Belgian companies have sales volumes of Several billion euros– We read in “L’Echo”.

Last year alone, Belgian companies invested 1.5 billion euros in Russia, and 1,556 Belgian companies exported goods worth 3.4 billion euros there, the newspaper reported.

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“Those who say we need to pack know nothing of business. I am tired of such prejudiced attitudes. The system may be gone, but the country and its people will still be here” – quotes Lecco from Bart van Malderen, CEO of Drylock, which produces nappies in Russia.

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Belgian brewing group Anheuser-Busch InBev SA/NV (AB InBev) has announced that it wants to suspend Budweiser sales in Russia “in protest against the war in Ukraine”. However, as the media noted, The company does not intend to stop selling Belgian brands Stella Artois, Leffe and Hoegaarden there.