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BASF will exit business activities other than agrochemicals in Russia and Belarus by July. The German company made the decision after the European Union imposed a new round of sanctions on Russia. Russia and Belarus account for about 1% of BASF’s sales. BASF says it will pay its 684 employees in the two countries until year-end. The firm says its choice to continue supplying agrochemicals is aimed at optimizing food production and avoiding a global food crisis.
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