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Nestle Stops Exports of Non-Essential Items to Russia

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JPMorgan, Goldman Sachs Lead Retreat From Russia
Corrected

Nestle SA has suspended shipments of non-essential products to Russia, another step by a European multinational to scale down its business in the country after the invasion of Ukraine.

The world’s largest food company will still supply Russians with necessities such as baby food, cereal and therapeutic pet food sold at veterinarian clinics, Nestle said on its website on Friday. Exports of products like Nespresso coffee and San Pellegrino water have been stopped with immediate effect, a spokesperson said.