Overview

• Knauf rejects a Spiegel report claim that its gypsum and cement products knowingly aided the construction or modernization of Russian nuclear weapons bases.
• The company has not transferred profits from its Russian subsidiaries to Germany since April 2024 as it advances withdrawal talks.
• Divestment discussions involve multiple jurisdictions and face Kremlin rules capping sale values at 60 percent of estimated worth plus a 35 percent tax, which could deepen losses.
• Knauf emphasizes full compliance with international sanctions and says its Russian units sell only to independent building material traders without directing end-user transactions.
• The group continues operations in Ukraine with a Kyiv plant employing about 420 people and has begun building two new factories in the country’s west.