Flugger, a billion-kroner Danish paint manufacturer, is under scrutiny for allegedly violating EU sanctions against Russia, affirmed by Danish broadcaster DR. The special police unit NSK conducted a raid in Copenhagen, resulting in two arrests. Despite Flugger's statement assuring its departure from the Russian market, reports indicate its products remain available there. CEO Sune Schnack expressed frustration over unauthorized resales and indicated a commitment to sever any ties with the Russian market, holding past distributor Alexei Popov partly responsible for the activities in question.
Flugger confirmed to the Danish stock exchange that it is being investigated for possible violations of EU sanctions against Russia, emphasizing its intention to dissociate from the market.
CEO Sune Schnack asserted that despite previous market exit, products appeared to be sold in Russia, which the company deemed completely unacceptable and is actively trying to resolve.
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