In response to political pressure, Nestlé said it was not making a profit in Russia, and announced it was suspending all sales of non-essential brands such as KitKat and Nesquik, among others.
Grupo Bimbo announced it is suspending sales of its Bimbo brand and halting new investments in Russia. The company continues to monitor and assess the situation as circumstances evolve.
Cargill Inc and Archer-Daniels-Midland (ADM) announced they would back business Russia, but would continue to operate “essential” food facilities there.
Russia’s invasion of Ukraine, ongoing since February 24, is threatening the food supply in Europe, Africa and Asia. Ukrainian farmers have been forced to leave their fields as millions of people seek refuge.
AAK has decided to temporarily halt deliveries to, and sales in, Russia. The country makes up for around 3% of AAK’s volumes (metric tons).
As a consequence of the disturbing ongoing events affecting Ukraine, the Supervisory Board of Messe Düsseldorf has decided to suspend the group’s business activities in Russia until further notice.
In light of the current attacks in Urkaine, Messe Frankfurt Russia announced the decision to postpone Modern Bakery Moscow, which was originally set for the end of March, to a later date in June.