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Norwegian gear and know-how group Akva stated it won’t enter into any new contracts with Russian prospects amid the continued invasion of Ukraine.

“Akva Group follows the state of affairs in Ukraine carefully from daily,” Stale Okland, communications director at Akva Group, instructed IntraFish.

Stale Okland, communications director at Akva Group. Photograph: Akva group

Though the group’s deliveries of know-how to the meals trade usually are not coated by present sanctions, “because of the tragic state of affairs in Ukraine, now we have nonetheless determined to not enter into new contracts with Russian prospects beneath the prevailing circumstances,” stated Okland.

Legally binding contracts that the corporate entered into previous to Russia’s invasion of Ukraine shall be honored, the corporate stated.

Akva instructed IntraFish the choice is one “every firm should take by itself phrases.”

Beforehand, the gear producer stated it had engaged legal professionals to analyze how you can take care of Russia within the quick and long run.

The corporate stated that over the previous 5 years between 3 and 5 p.c of its annual gross sales come from enterprise with Russia firms.

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