A Message from Seifi Ghasemi on Air Products’ Position on Ukraine and Russia

We continue to be deeply concerned by the tragic human suffering being experienced by the people of Ukraine and the impact it has on many others. We condemn actions of war when the world should be making greater efforts for peace. Our hearts go out to all those affected. Like many other companies, we have employees in this region and are continuing to give them the support that we can.

As a company, we are supporting humanitarian efforts, providing financial support to the International Committee of the Red Cross from the Air Products Foundation. Our global employees have also responded with care and generosity, reaching out to their affected colleagues and making contributions to various organizations supporting relief efforts.

Air Products operates a very small industrial gas business in Russia, which has less than $25 million in sales, or approximately one quarter of one percent of our annual revenue. We are developing plans and will implement the safe and responsible divestiture of our business in Russia, recognizing that our products are important for the safe operations of several industries, including food, amongst others. We also decided not to pursue any new business development activities in the country. As always, we continue to review developing and applicable sanctions to ensure our ongoing compliance.

For our people in Russia, we fully understand and recognize these actions will cause concern. As we move to divest our business in the country, we will continue to give them the support we can during this difficult period and put assistance programs in place.

We join people around the world in our desire for an end to the needless suffering and hope for a peaceful and rapid resolution.

Seifi Ghasemi

Seifi Ghasemi
Air Products’ Chairman, President and CEO