Due to sanctions, Wartsila, a major manufacturer of equipment for the maritime and energy markets, reported that it had completely withdrawn from the Russian Federation, the press service of the company reports..

Wartsila said it " Human rights, security and prosperity are very important to Wartsila. The company is fully committed to complying with all trade sanctions and has now ceased all commercial operations in Russia across all business units.”.

In April 2022, the company announced a reduction in activities in Russia.

As part of the exit, the office of Wartsila Digital Technologies (WDT) in St. Petersburg was closed. According to local regulations, the reduced team will carry out the final procedures to complete the closure, however, all operations have been stopped.. Wartsila has established new R\u0026D facilities outside of Russia to ensure the smooth execution of customer commitments.

“In May/June, Wartsila signed agreements to sell the business of Transas Navigator and Wartsila Vostok LLC to the local management of the companies. Transas Navigator will operate as an independent company and will continue to serve its local customers.

Wartsila does not provide any services or parts for the Transas Navigator business after the divestment,” the company notes..

The team formerly at Wartsila Vostok LLC continues to work at the newly formed V-Vostok LLC, which will provide local marine maintenance services.

“After exiting the market, Wartsila does not provide maintenance services in Russia,” the company concluded..

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Recall that the previously well-known Swedish manufacturer of household appliances left the Russian Federation.