Consumer goods giant Unilever is suspending its Russian imports and exports

FILE PHOTO: Unilever's logo can be seen at its headquarters in Rotterdam
FILE PHOTO: Unilever’s logo is seen at its headquarters in Rotterdam, the Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw

March 8, 2022

(Reuters) – Unilever on Tuesday became the first major European food company to halt imports and exports from Russia after the country’s invasion of Ukraine.

Earlier in the day Shell said it would stop buying Russian oil, although Britain said it would ban imports of the commodity by phasing them out over the course of 2022.

Other big British consumer companies, including online fashion retailers ASOS and Boohoo, and food and clothing retailer Marks & Spencer, have also avoided Russia or reduced exposure to the country.

The maker of Dove soap and Knorr soup said it will stop investing in Russia and will also halt all media and advertising spending there, adding that its Ukrainian operations have also been halted.

Unilever also said it will continue to supply its Russian-made daily staples and hygiene products to people in the country, but will not capitalize on its Russian presence.

(Reporting by Aby Jose Koilparambil in Bengaluru and Richa Naidu in London; Editing by Shailesh Kuber and Amy Caren Daniel) Consumer goods giant Unilever is suspending its Russian imports and exports

Caroline Bleakley

USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button