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Valutec to exit Russian market
Valutec has decided to exit the Russian market due to the ongoing war in Ukraine and impact of related international sanctions.
Timo Kanerva CEO of Valutec LLC says, “We condemn the war in Ukraine and have decided to carry out an orderly process to wind down our business activities in Russia. This was not an easy decision, given our duty of care for our employees and long-standing customer relationships. We are evaluating the impact on our people and we will continue to support them to the best of our abilities. At the same time, we provide humanitarian assistance to our colleagues and the people of Ukraine and stand with the international community in calling for peace.”
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