Essity AB (publ) (OM:ESSITY B) has said that it is leaving the Russian market and is considering among other options selling its business. "The company Essity has commenced actions to exit the Russian market. The exact means of exiting have not yet been determined and will be extensively prepared within the framework of the work begun.

Essity is considering all options, including sale," Essity LLC CEO Karen Akopyan said in a statement circulated by the company's press service in Russia. Essity's factories in Russia are continuing to operate as usual, and its 1,300 employees in Russia will continue to work and receive their salaries until a final decision is made, Akopyan said. "We are continuing to sell our products in the territory of Russia.

We are not considering parallel imports," he said. Essity said that it was planning to leave the Russian market. The conditions for doing business in Russia have worsened, and as a result, the company has written off 1.4 billion Swedish kronor in asset impairments, around $147 million at the current exchange rate.