On February 24, 2022, the European Council decided on a set of sanctions as a result of the Russian actions towards Ukraine. These sanctions include dual-use goods, which affects Hydroscand Group.
“The European Council today agrees on further restrictive measures that will impose massive and severe consequences on Russia for its action, in close coordination with our partners and allies. These sanctions cover the financial sector, the energy and transport sectors, dual-use goods as well as export control and export financing, visa policy, additional listings of Russian individuals and new listing criteria. The Council will adopt without delay the proposals prepared by the Commission and the High Representative.”
Hydroscand Group AB is a Swedish legal entity and the parent company of Hydroscand Group. Sweden is a member of the European Union (EU).
We will honor the decisions of the EU and follow all sanctions as decided upon towards Russia and Belarus, both existing ones and any further sanctions.
Hydroscand Group is supporting with humanitarian aid through donations to the Red Cross and Let’s Do It Ukraine - organisations supporting more than 40 million Ukrainians hiding in shelters and in need of urgent help.