The fluid systems solution manufacturer on Friday (20th May) announced its decision, stating that it builds upon the earlier suspension of all shipments or products, directly or indirectly into the two countries in early March.
As a result of the move, LLC Fluid Systems Technologies RUS (doing business as Swagelok Russia), will no longer be an authorised Swagelok sales and service centre and shall end all sales from stock to customers no later than that date.
Swagelok will not replace sales representation in the market and states the decision to cease the supply of all products and services in the market does not reflect upon the performance of Swagelok Russia.