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VICIUNAI GROUP WINDING DOWN ITS RUSSIAN OPERATIONS

VICIUNAI GROUP WINDING DOWN ITS RUSSIAN

Viciunai Group winding down its Russian operations. Sarunas Matijosaitis, the Head of Viciunai Group, says the termination of business in Russia, the negotiation of agreements with business partners from Western countries and the recovery of investments in Lithuania may be completed within three to four months.

“To many, it may seem like termination of business is as simple as turning off an electrical switch. We can see that the real withdrawal work not only for us, but also for all large businesses that have announced that they are withdrawing from Russia is taking place and will last for more than a month,” said Matijosaitis.

Viciunai Group announced its withdrawal from Russia in early March. During that time, a lot of work has been done to stop operations in Russia: all investments in production, logistics, trade have been stopped, all sponsorship and marketing campaigns have been suspended, and no raw materials are purchased for the plant located in the Kaliningrad region. At present, production is made from raw materials purchased before the start of the war in Ukraine, only in order to settle accounts with suppliers and financial partners in Europe.

“Raw materials were ordered before the start of Russia’s aggressive war in Ukraine. Almost 200 sea containers have been turned around and were not brought to Russia,” Matijosaitis emphasised.

He assured that no products were and are not being imported from Russia into the European Union.

Matijosaitis informed that at the same time negotiations with potential buyers of business in Russia are underway.

Viciunai Group has already announced that all products sold to customers in Lithuania and other European countries are made in Lithuania, Estonia and Spain. These plants do not use raw materials of Russian or Belarusian origin.

From the very beginning of the war in Ukraine, the Viciunai Group has condemned Russia’s aggressive attack. The company supports, maintains and provides assistance to almost 800 employees in Ukraine. Almost 500 Ukrainians are employed in companies owned by the company in Lithuania.

In the first days of the war, the Viciunai Group distributed more than 200,000 packages of food products to territorial defence units in Ukraine. The company has transferred its trucks for the needs of the Ukrainian government.

In mid-March, it was reported that a warehouse of Viciunai Group’s products had been blown up during the Russian attack, destroying 3,500 tonnes of food products.

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