Nestlé announced on Wednesday it will halt all production and sales of several non-essential goods to Russia amid political pressure from Ukrainian leaders over its presence in the country. “Going forward, we are suspending renowned Nestlé brands such as KitKat and Nesquik, among others,” the world’s largest food company said in a March 23 statement. The company will continue to provide Russian nationals with essential products such as baby formula and medical/hospital nutrition, the company noted. “This approach is in line with our purpose and values. It upholds the principle of ensuring the basic right to food,” it said. Nestlé had already confirmed it paused non-essential imports and exports from Russia, stopped all advertising, and suspended all capital investments. The company also noted that it is currently not making any profit in Russia and will fully comply with international sanctions. “While we do not expect to make a profit in the country or pay any …
Nestlé Suspends Sales of Many Products in Russia Amid Political Pressure
March 23, 2022
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