The decision of the American aluminum packaging manufacturer Ball Corporation to suspend investments and sell the Russian business led to a devaluation of assets. This is reported in the corporation’s report for the II quarter of 2022.
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The company reportedly recorded a loss of $435 million.
Also in the reporting it is noted that the Russian market in 2021 accounted for about 4% of all net revenue and 8% of all operating profit.
Ball owns three factories in Russia – in the Leningrad, Moscow, Chelyabinsk regions.