STOCKHOLM – NCAB Group’s board of directors decided to halt all deliveries of printed circuit boards to Russian customers effective immediately, whether or not affected by sanctions.
With the immediate halt to deliveries, NCAB aims to contribute to the actions by the international community against the Russian regime.
Russia’s invasion of Ukraine is a significant breach of international law, says the firm, and has been widely condemned by the international community.
NCAB’s Russian subsidiary contributed under 5% of group EBITA in 2021.
The company is closely monitoring the geopolitical situation, including tightened and proposed sanctions.