Nestle Says It Isn't Profiting From Russian Activities
March 21 2022 - 5:35AM
Dow Jones News
By Cristina Roca
Nestle SA has significantly scaled back its activity in Russia
and isn't making a profit in the country, the company said over the
weekend.
Ukrainian President Volodymyr Zelensky last week took aim at the
Swiss food major and other international companies that continued
to operate in Russia following Moscow's invasion of Ukraine.
"We have stopped all imports and exports from Russia, except for
essential products," Nestle said. "The fact that we, like other
food companies, supply the population with important food does not
mean that we simply continue as before."
The company also said it has suspended investments and
advertising in the country.
Nestle is one of the few active food companies in Ukraine, it
said.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
March 21, 2022 05:20 ET (09:20 GMT)
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