Hungary's Richter to maintain operations in Russia, CEO says -website

Richter Gedeon Vegyeszeti Gyar Nyrt

01/07/2022 08:39

BUDAPEST, July 1 (Reuters) - Hungarian drug maker Richter
 GDRB.BU  has experienced pressure from Ukraine to "rethink" its
presence in Russia but the company is not leaving, the company's
chief executive Gabor Orban told website hvg.hu on Friday.
    When asked if Russia's warning that it could nationalise
western companies posed a threat to the company, Orban said:
    "This cannot be excluded but nothing would justify such a
step as Richter maintains its operations in Russia. The question
rather is how we can ensure continuous operations."
    Richter also has operations in Ukraine.
    

 (Reporting by Krisztina Than; Editing by Frank Jack Daniel)
 ((krisztina.than@thomsonreuters.com;))