We observe with huge regret Russia’s attack on Ukraine. ICE has no business relationships in or with Russia and none of our ongoing contracts will be directly affected by sanctions now being imposed.

Design of naval ships is an important part of ICE’s activities – we have provided design for ships to several NATO and other navies, and we are currently offering our design services to clients in Romania and the UK and other countries that understand the need for a strong defence. We expect that those projects will now receive higher priority.