motan condemns Russian invasion of the Ukraine
We are shocked by the Russian invasion into the Ukraine and we condemn the attacks in the strongest possible terms. Putin is violating and betraying principles of international law and poses an immense threat to peace in Europe and the world. The only consequent response to the attacks is tough sanctions against Russia. We therefore fully support our government's decisions and the United Nations' call for the immediate withdrawal of troops from Ukraine.
In line with the UN Sustainable Development Goals (SDG) and our CSR policy, the protection of our employees and partners is our primary objective. Currently, motan has no own employees in the crisis areas. The office of our sales partners in Ukraine is closed. Business in Russia is currently only possible to a limited extent.
For the motan group we only expect rather minor direct economic effects. In particular with regard to payment transactions, through the suspension of air traffic as well as the development of exchange rates, we are facing challenges for which we are taking appropriate precautions.
Unfortunately, the crisis will increasingly have indirect effects on the motan group. Rising energy and raw material prices as well as logistic costs will lead to a further increase in material costs and uncertainties in the supply chain.
The situation is unpredictable, so we will always keep a critical eye on the development of the conflict. We will carefully plan our next steps, monitor them closely and take appropriate countermeasures. In our material procurement, for example, we rely on
local suppliers. In addition, we have already significantly increased the safety stocks in our warehouses in order to be able to cushion the expected price increases.
As a global company, we are convinced that economic cooperation is a crucial factor for security and stability. Humanity and trust in partnerships are crucial values that sustain us all. Our thoughts are with the citizens and all those suffering in the areas
affected by the war. With a donation of 5,000€ we would like to make at least a small contribution to alleviating the suffering of the people in the Ukraine.