Hydro will not enter into new contracts with Russian counterparts

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Hydro will not enter into new contracts with Russian counterparts

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Hydro is also evaluating options for existing commitments, including a potential freeze of commercial relationships with Russian counterparts.

Hydro does not have business-critical supplies from Russia or Ukraine. Hydro has commercial relationships with trading companies and Russian aluminium producers, buying and selling raw material like bauxite and alumina, aluminium metal for remelting and aluminium extrusion billets. Hydro’s counterparts are currently not subject to international sanctions.

: March 02, 2022

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