Russia
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Fonterra completely withdraws from Russia as Nestlé reiterates plans to keep selling essential food items
RUSSIA – World’s largest dairy exporter, Fonterra has announced that it will completely exit the Russian market following the country’s invasion of Ukraine. Fonterra…
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Looming catastrophic food crisis in Africa triggered by Ukraine conflict, IFAD calls for truce
AFRICA – The International Fund for Agricultural Development (IFAD) has joined the UN Secretary-General’s call to end the Ukraine-Russia war immediately and restore peace, in…
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Danone among few companies pledging to stay in Russia amid mass exits by foreign firms
RUSSIA – French food company Danone has vowed to continue operating in Russia despite mounting pressure for foreign companies to exit the country following its…
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Mcdonald’s leads other big food brands in suspending Russian operations
RUSSIA – American multinational fast-food corporation has decided to temporarily close all its restaurants in Russia and pause all operations in the market following the…
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Danone suspends Russia investments as Valio joins list of food companies pulling out of Russia
RUSSIA – French multinational food company, Danone has suspended all planned investments in Russia, its third-largest market in Europe, following the country’s invasion of Ukraine. …