I am watching the tragic and unprovoked attacks unfold in Ukraine and condemn the acts of aggression and violence against the Ukrainian people. My heart breaks seeing so many people devastated and the resulting humanitarian crisis.
Effective immediately, LyondellBasell will not enter into any new business transactions or relationships with Russian state-owned entities. We also intend to discontinue business relationships with Russian state-owned entities to the extent legally possible. We are in the process of assessing how this will affect our operations, including feedstocks, utilities, supply chain providers, and customers. Additionally, we are complying with all U.S. and international sanctions which have been put into place as a result of this crisis.
Though we don’t have operations or employees in Ukraine, we have seen the rising number of refugees and dislocated families and are supporting the humanitarian crisis through our global corporate citizenship program, Advancing Good. LyondellBasell is donating a total of €200,000, with €100,000 going to the United Nations High Commissioner for Refugees to provide shelter, emergency relief items, cash assistance and mental support. The other €100,000 is going to the International Medical Corps to support their mobile medical units programs. We will be matching employee contributions to these organizations two to one.
At LyondellBasell, we believe in the power of many, and we hope many of you reading this find ways to support the Ukrainian people and influence peace and stability across Europe.
As a leader in the global chemical industry, LyondellBasell (NYSE: LYB) strives every day to be the safest, best operated and most valued company in our industry. The company’s products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce. The company takes great pride in its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonization. In 2022, LyondellBasell was named as one of FORTUNE Magazine's "World's Most Admired Companies" for the fifth consecutive year.
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