Bureau Veritas has downsized its business in Russia in the sectors where the company was previously operating i.e. marine, aeronautics and commodities, company announced.
Since the beginning of the ongoing conflict between Russia and Ukraine, Bureau Veritas has been regularly assessing and monitoring its position in Russia. Activities in Russia represent less than 1% of the Bureau Veritas revenue of Euro 5 billion.
In marine, Bureau Veritas has taken measures to withdraw vessels related to Russian interests from its register. In Aeronautics, Bureau Veritas is no longer performing inspections of aircraft operated by Russian companies. In commodities, Bureau Veritas has significantly decreased its operations in the oil and gas sector.
Company will keep downsizing its operations and presence as the situation evolves.
Bureau Veritas is a French company specialized in testing, inspection and certificatio. It operates in a variety of sectors, including Building & Infrastructure, Agri-food & Commodities, Marine & Offshore, Industry, Certification and Consumer Products.
