Swiss-based packaging manufacturer Amcor returns to Russia after 2022 exit, says local media

Amcor Plc, a Swiss-based global packaging manufacturer, has re-entered the Russian market via an intermediary, more than two years after formally exiting the country, according to local media reports.

The company, which generated about 2% to 3% of its worldwide revenue in Russia — roughly $260 million to $390 million in 2021 — sold its local assets in December 2022. The transaction included one plant in St. Petersburg and two in Veliky Novgorod, facilities that employed about 900 people. The deal was valued at $370 million, excluding cash and debt.

Amcor’s products are now being supplied through ROTI LLC, a company registered in November 2025 by Chinese national Ho Leva. Under the arrangement, packaging materials are shipped from Amcor production sites in China, Thailand and the Czech Republic to Russian fast-moving consumer goods companies, the reports said.

The renewed presence could attract scrutiny from European regulators, given the strategic importance of the packaging sector. Amcor’s Zurich-based headquarters hasn’t commented on the reports.

The move highlights a broader trend of Western companies maintaining exposure to Russia through indirect channels as sanctions remain in place. The European Union is preparing a 20th package of restrictions, with discussions taking place behind closed doors and an announcement expected before Feb. 24. The measures are likely to include steps aimed at tightening oversight of circumvention mechanisms.

EU Reporter approached Amcor for comment, but has not received a response so far.

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