Nestle Stops Most of Russian Production, Barring Essentials
- Swiss company will stop selling brands like KitKat in Russia
- Move comes as Nestle faces political pressure to leave Russia
Food products manufactured by Nestle SA sit on display near baby food products inside a store in Moscow, Russia.
Source: Bloomberg
Nestle SA, the world’s largest food maker, said it’s suspending the vast majority of its manufacturing in Russia amid growing pressure on multinationals to fully exit the country following its invasion of Ukraine.
The Swiss company is stopping the sale of brands like KitKat and Nesquik and will focus on essential foods including baby food and medical nutrition, it said in an emailed statement Wednesday. The company is in the process of identifying solutions for its factories and employees in Russia, who will continue to be paid, a spokesperson said, adding the move means Nestle will suspend most of its pre-war sales volume and production volume in Russia.