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Barloworld plans to 'hunker down' in Russia

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Barloworld is the official Caterpillar dealer for some parts of Russia.
Barloworld is the official Caterpillar dealer for some parts of Russia.
Supplied

Barloworld's CEO says it will continue to trade in Russia, despite a mass exodus of other international groups amid sanctions and the fear of reputational damage of staying in the country.

"We are going to hunker down and continue to support our customers in Russia," Dominic Sewela said in an investor call on Tuesday."We are in this country long term." 

Sewela told investors that Barloworld focused on emerging markets and had to be able to adapt to "political challenges". 

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