Russia

Mondelēz, Nestlé, Pepsi Face Pressure From European Employees Over Russia

Oreo-maker Mondelēz, Nestlé and PepsiCo are facing pushback from workers in Ukraine and eastern Europe angered by the companies' decisions to mainta...

Beiersdorf Stops Investments In Russia

Beiersdorf has stopped investments in marketing and promotion in Russia due to the Ukraine war but will keep its business in the country as its products se...

Reckitt Begins Process 'Aimed At' Transferring Russian Business

Reckitt Benckiser Group has commenced a process aimed at transferring ownership of its Russian business, becoming the first major personal goods maker...

Lavazza Sees 'Challenging' 2022, Halts Russian Activities

Italian coffee maker Lavazza said on Wednesday it expected a challenging 2022 due to raw material price rises after reporting a strong increase in profits...

EU Plans To Counter Russia With Food Diplomacy In North Africa, Balkans

The EU aims to address rising wheat and fertiliser prices and expected shortages in the Balkans, North Africa and the Middle East with "food diplomacy...

Russians' Spending On Food Doubles Following Ukraine War: FAO

Russian citizens are spending on average 40% of their disposable income on food - about twice as much as they did before the Russia-Ukraine war, UN food ag...

Russian Brewers Ask For Help Replacing Imported Hops: Report

Russian brewers have asked the agriculture ministry to help them find ways to replace imported hops in the next few years as they fear shortages, the Komme...

Inflation In Russia Hits Seven-Year High, Prices Jump 10% In Year-To-Date

Annual inflation in Russia accelerated to 16.70% as of April 1, its highest since March 2015 and up from 15.66% a week earlier, the economy ministry said,...