Olainfarm
LeaveRussia detail: Continue Operations
Olainfarm AS is a Latvian leading manufacturer in the chemical and pharmaceutical sector of the Baltic States. The company was founded in 1972 as state enterprise "Olaines ķīmiski – farmaceitiskā rūpnīca".
Decision trail
Decision date 28/08/2023 · Reference ↗
Despite sanctions and other risks related to business with Russia, many Latvian companies still export to this country. Recently, the Central Statistical Bureau (CSB) published a list of businesses continuing exports to Russia after the war began. Latvian pharmaceuticals giant Olainfarm is also on the list, whose turnover data for 2022 are not available. Olainfarm sent LTV a plan to enter new markets while emphasizing that it's allowed to export medicines to Russia.
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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