Overview

• A prospective buyer ended more than a year of divestment talks without a deal, halting Knauf’s plan to sell its Russian business.
• The company maintains it still intends to withdraw from Russia, though the process is now paused.
• Knauf states the Russian operations are managed locally and that no profits flow to the parent company.
• The firm reports about 4,500 employees in Russia, accounting for more than ten percent of its global workforce.
• Knauf says it strictly follows sanctions, has not traded goods between the EU and Russia for years, and supplies the Russian market only through independent retailers.