Koch Industries reverses course and says it will stop doing business in Russia
CBSN
After more than a month of defying public pressure by continuing to do business in Russia despite its invasion of Ukraine, Koch Industries now says it's crafting an escape route.
Koch President Dave Robertson told employees in a memo that Guardian Glass, a subsidiary of the Wichita, Kansas, industrial conglomerate, is working with its local managers in Russia "to find an exit strategy" that also ensures the safety of their employees.
"Sanctions announced in early April, combined with the Russian government's response and other actions, have made conditions untenable for Guardian to continue operations in Russia," Robertson, who is also chief operating officer at Koch, said in the memo, which was first obtained by Popular Information.
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