Moves by Nestle SA, Renault SA and Philip Morris International Inc. to scale back their Russian businesses leave a dwindling handful of holdouts resisting the corporate exodus. Some of those companies, while decrying the invasion of Ukraine, insist staying put is the least bad option.
Nestle deepened its pullback this week, suspending the majority of its sales and manufacturing in Russia, while French automaker Renault halted its operations and said it might quit a longstanding venture there. Marlboro maker Philip Morris said Thursday it’s working on ways to exit in an orderly manner.
