Ball looks to sell Russian assets as it suspends operations

WESTMINSTER — Ball Corp. (NYSE: BLL) said this week that in the face of ongoing Russian military aggression against neighboring Ukraine, the can maker will attempt to sell its assets in Russia, suspend future investments and reduce operations at its existing operations in the country.

The company operates aluminum can plants in the Russian cities of Argayash, Naro Fominsk Vsevolozhsk.

Last year, Ball said it would build a new plant in Ulyanovsk, a move that appears to be off the table now. 

The company is “deeply troubled by the war in Ukraine,” according to a company news release. 

In a statement issued last week,…