Munich Re on the Russian war against Ukraine
As of 16 March 2022
"The events of the last few days have shaken us all deeply. Especially at this moment, it is the task of all peace-loving people to show unity and support. Our full solidarity goes out to the people affected in Ukraine and their families. Munich Re stands for a peaceful and democratic world. Russia's invasion is an act contrary to international law. The attempt to place the law of the strongest above international law is completely unacceptable. We expressly support the sanctions initiated by the Western community of shared values – also in the knowledge that they will not remain without consequences for our economies."
Joachim Wenning, CEO
Munich Re withdraws from Russian business
Munich Re condemns Russia’s attack on Ukraine and supports the sanctions that have been imposed.
Munich Re will not renew existing contracts in Russia and Belarus, and new business has been suspended. The Group will do the same with its investments in the region.
Munich Re will only make exceptions to this rule – sanctions regulations permitting – if the suspension of business negatively affects persons or companies in need of protection.
Munich Re provides humanitarian aid
Munich Re is making a contribution to alleviating the hardship of the hundreds of thousands of war refugees. The Group donates to the international aid organizations Save the Children, Red Cross, and SOS Kinderdörfer so that particularly vulnerable groups such as families and children can be quickly provided with essentials such as shelter.
As people are now primarily fleeing the battle zone via the Polish border, Munich Re is currently concentrating its aid on this region.