“Preparations are underway for the process of implementing the decision.
Henkel will work closely with its team in Russia to work out the details in order to ensure a streamlined process,” the company said in a statement.
It is specified that 2.5 thousand employees of Henkel in Russia will receive the payments due to them.
Earlier, the German multinational sportswear company Adidas announced the suspension of stores and online trading in Russia.
The American company PVH, which includes clothing brands Calvin Klein and Tommy Hilfiger, announced the closure of its stores in Russia and Belarus.