Geneva-based vegetable oil producer Allseeds said it was halting operations in Ukraine's southern Odessa region due to intensifying Russian attacks on port infrastructure, the third company to announce such a move recently.
Allseeds pointed to a worsening security situation and the escalation of Russian missile and drone attacks on port and logistics infrastructure in the region.
Continuing operations poses "extremely high risks" to the safety of its employees and its facilities, Allseeds said in a statement on social media on Thursday.
It added that the suspension will be carried out in accordance with Ukrainian law and it will ensure necessary resources and capabilities for a potential resumption once the security situation stabilises.
Shipping group Maersk said on Tuesday it had halted its service via Ukraine's Chornomorsk Fishing Port, while Ukraine's top grain exporter Kernel Holding suspended operations at Chornomorsk last week.
(Reporting by Anna Pruchnicka; Editing by Sonia Cheema)