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Post: Austrian company Swarovski announced its withdrawal from the Russian market

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Jewelry production. archive photo

One of the world’s largest suppliers of Swarovski crystals to withdraw from the Russian market

BERLIN, 9 March – RIA Novosti. In an interview with the portal on Thursday, the Austrian brand’s CEO, Alexis Nazard, said that Swarovski, one of the world’s largest suppliers of crystals for jewelry, clothing and lighting manufacturers, will completely leave the Russian market and close its business in the country. flow.

“We have come to the conclusion that we cannot even support suspended activities (in Russia – ed.)”, Nazard said.

The CEO did not specify the exact time of exit from the Russian market, but stressed that the closure of the business will be carried out in accordance with the laws in force in this case, including “economic sanctions and other trade restrictions.”

In March 2022, Swarovski suspended sales in Russia, including online stores.

Swarovski AG is an Austrian company founded in 1895, specializing in the cutting of loose crystals, jewelry, crystal figurines and synthetic and natural gemstones. The company also manufactures optical equipment and finished lamps and chandeliers.

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