Shopper items big Unilever to droop its Russian imports, exports

The brand of Unilever is seen on the headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw

March 8 (Reuters) – Unilever (ULVR.L) on Tuesday grew to become the primary main European meals firm to cease imports and exports out of Russia after the nation’s invasion of Ukraine.

Earlier within the day, Shell mentioned it could cease shopping for Russian oil, whilst Britain mentioned it could ban imports of the commodity by progressively phasing them out throughout 2022. learn extra

Different main British shopper corporations, together with on-line style retailers ASOS (ASOS.L) and Boohoo (BOOH.L) in addition to meals & clothes retailer Marks & Spencer (MKS.L), have additionally shunned Russia or diminished publicity to the nation.

The maker of Dove cleaning soap and Knorr soup mentioned it could not make investments any additional in Russia and would additionally cease all media and promoting spend there, including that its Ukrainian operations have additionally stopped.

Unilever additionally mentioned it could proceed to provide its on a regular basis important meals and hygiene merchandise made in Russia to folks within the nation, however wouldn’t take any revenue from its Russian presence.

Reporting by Aby Jose Koilparambil in Bengaluru and Richa Naidu in London; Enhancing by Shailesh Kuber and Amy Caren Daniel

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