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The French food company Danone is suspending investments in Russia

FILE PHOTO: A company logo is seen on a product on display ahead of French food group Danone's presentation of its 2019 annual results in Paris
FILE PHOTO: A company logo is seen on a product on display ahead of French food group Danone’s presentation of its 2019 annual results in Paris, France, February 26, 2020. REUTERS/Christian Hartmann

March 6, 2022

PARIS (Reuters) – French food group Danone said in a statement on its website that it was suspending investments in Russia and that one of its two factories in Ukraine had been closed following the Russian invasion of Ukraine.

“We have decided to suspend all investment projects in Russia, but for now to maintain our production and distribution of fresh dairy products and baby food to continue to meet the basic food needs of the local population,” said Danone.

In Russia, Danone operates the Prostokvashino dairy brand.

(Reporting by Sudip Kar-Gupta; Editing by Kevin Liffey)

https://www.oann.com/french-food-group-danone-suspends-investments-in-russia/?utm_source=rss&utm_medium=rss&utm_campaign=french-food-group-danone-suspends-investments-in-russia The French food company Danone is suspending investments in Russia

Caroline Bleakley

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