What about your assets and activities in Russia?

APMM has decided to exit its ownership of assets in Russia which includes Global Ports, ownerships of warehouses and ownership in towage business. Svitzer has a single operation in Russia where we provide towage services to the Sakhalin-II oil and liquefied natural gas project. Because of recent events, we have taken steps to exit the operation and sell our assets, including 4 tugs. Furthermore, we have begun the process to exit our cold store warehouse in Saint Petersburg and inland terminal in Novorossiysk in Russia. Our operation will continue until a solution is found.

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