Jacob Wallenberg, Investor’s Chair comment on Russia’s invasion of Ukraine

2022-02-24 12:00

"Russia’s invasion of Ukraine is a severe violation of international law and for Europe, this is the most serious geopolitical situation since World War II. We are deeply concerned about the human sufferings now affecting so many and over the long-term implication for the world community and the global economy. We expect several and sharpened sanctions from Europe, US and other countries. We are in close contact with the companies we are engaged in who all have activated their contingency plans. Companies who have operations in Russia and Ukraine have been working hard with more specific actions, not least trying to support their employees in the country. This is a very serious situation, and we try to monitor the development closely in order to try to understand the long-term implications."