Business Standard

Monday, December 23, 2024 | 10:35 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Nestle, Philip Morris, gamemaker Sony join move away from Russia amid war

Nestle, Philip Morris and videogame maker Sony joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in West to take stand against Ukraine invasion

nestle
Premium

Nestle, the world's biggest packaged foods group halt investment in Russia.

Reuters
Nestle, Philip Morris and video gamemaker Sony joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine.
 
Nestle, the world's biggest packaged foods group, and Mondeleze International, followed actions by rivals Procter & Gamble and Unilever in halting investment in Russia.
 
But the four companies will continue providing essentials, with Mondelez aiming to help to maintain "continuity" of the Russian food supply.
 
Similarly, while cigarette maker Imperial Brands suspended operations in Russia, rival Philip Morris only said it would scale down manufacturing,

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in