Honeywell suspends business in Russia, Belarus - Reuters.com - 1 minute read




A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse

March 9 (Reuters) - U.S. industrial conglomerate Honeywell International Inc (HON.O) said it suspended business in Russia and Belarus, following Moscow's invasion of Ukraine.

The company said late on Tuesday it had substantially suspended all its sales, distribution and service activities in both countries, joining group of Western firms halting operations in Russia.

General Electric Co on Tuesday announced suspension of it activities in Russia with some exceptions, as the West continues to pressure Kremlin with severe economic sanctions. read more

Reporting by Aishwarya Nair in Bengaluru; Editing by Shinjini Ganguli

Source: Reuters

Powered by NewsAPI.org