9 Mar 2022 11:40

Unilever halts investment in, exports to Russia

MOSCOW. March 9 (Interfax) - Consumer goods giant Unilever is halting investment in Russia due to the country's military operation in Ukraine.

"We have suspended all imports and exports of our products into and out of Russia, and we will stop all media and advertising spend. We will not invest any further capital into the country nor will we profit from our presence in Russia," Unilever CEO Alan Jope said in a statement posted on the company's website.

However, the company "continue to supply our everyday essential food and hygiene products made in Russia to people in the country."

Unilever, whose brands include Lipton, Dove, Vaseline, Cif, Signal, Domestos, Rexona AXE, Chistaya Liniya, Barkhatnye Ruchki and Inmarko, has ice cream plants in Tula Region and Omsk, tea, cosmetics and household cleaner production facilities in St. Petersburg, and a cosmetics factory in Yekaterinburg.