ADM scales down operations in Russia

14 March 20222 min reading

U.S. agriculture giant Archer Daniels Midland Co. said that it had scaled down operations in Russia over the war in Ukraine. “We will continue to comply with all sanctions, laws and regulations,” the company said.

U.S. crop trader and processor issued the following statement:

“We join with the world in our horror over the unfolding conflict in Ukraine. We are focused first on the safety of our almost 650 Ukrainian colleagues, who are being subjected to increasingly indiscriminate attacks on civilian areas. At the same time, we’re rapidly growing our efforts to support the Ukrainian people, committing more than $5 million in financial and other support, including wheat for the Ukrainian flour milling industry; working with Ukrainian farmers to purchase their crops, putting more cash in the hands of those who need it; and using our logistical expertise to import and distribute emergency food rations.

“As the images and effects of this conflict continue to reverberate around the world, we are taking further steps. Our footprint in Russia is very limited, and we have made the decision today to scale down operations in Russia that are not related to the production and transport of essential food commodities and ingredients. And we will of course continue to comply with all sanctions, laws and regulations.

“ADM is a pillar of the entire global food system. We believe it is important to stand for what is right, which includes preventing further suffering by continuing to play our critical role in ensuring all people have access to the fundamental nutrition they need.”

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