04 Mar 22

Humanitarian Crisis in Ukraine

We have been horrified by the scenes emerging from Ukraine and condemn the invasion of Ukraine by Russia.

The escalating conflict and humanitarian crisis in Ukraine is deeply concerning and we strongly condemn these actions in every way. These actions conflict with the values of Cafico International.

Cafico International has terminated and continues to terminate the provision of services to all Russia linked clients with whom we have an association. This exercise is being attended to as expeditiously as possible, while ensuring that we adhere to the appropriate legal and corporate governance requirements in respect of our existing Russia related client portfolio and ensuring compliance with existing and emerging sanctions. Our review has resulted in us ceasing to provide services to a number of clients and we are not in a position to comment on individual matters.

We support and encourage the international community in bringing pressure to bear to end this brutal conflict, including the selfless efforts of the governments, charities and people in neighbouring countries who are helping refugees.

Our thoughts are with the Ukrainian people at this appalling time.