MILAN — Nestlé has provided an update about its operations in Russia and Ukraine. “As the war rages in Ukraine, our activities in Russia will focus on providing essential food, such as infant food and medical/hospital nutrition — not on making a profit,” says the company in a press release.
“This approach is in line with our purpose and values. It upholds the principle of ensuring the basic right to food.
Going forward, we are suspending renowned Nestlé brands such as KitKat and Nesquik, among others.
We have already halted non-essential imports and exports into and out of Russia, stopped all advertising, and suspended all capital investment in the country. Of course, we are fully complying with all international sanctions on Russia.
While we do not expect to make a profit in the country or pay any related taxes for the foreseeable future in Russia, any profit will be donated to humanitarian relief organizations.
This is in addition to the hundreds of tons of food supplies and significant financial assistance that we have already contributed to support the people in Ukraine and refugees in neighboring countries.
And these efforts will continue. We stand with the people of Ukraine and our 5,800 employees there,” concludes Nestlé in the release.
