𝚂𝚊𝚕𝚎𝚜 𝙸𝚗 𝚁𝚞𝚜𝚜𝚒𝚊 𝙰𝚛𝚎 𝚆𝚘𝚛𝚝𝚑 𝙰𝚋𝚘𝚞𝚝 $𝟷.𝟾𝚋𝚗 𝙰 𝚈𝚎𝚊𝚛 𝚃𝚘 𝙽𝚎𝚜𝚝𝚕é
All told Nestlé sold about
$1.8bn worth of products in Russia last year. That's a huge dollar amount but in relative terms it only makes up about 2% of the company's total sales, which topped more than
$94bn in 2021.
Nestlé's withdrawal is focused on non-essential products, like confectionery, coffee and pet food - which are major categories for the group globally. Products deemed "essential" will continue to sell, albeit with a promise that any profits from those sales will be donated to humanitarian relief charities
Nestlé's decision to pull out of Russia is another win for Ukrainian leaders that have been targeting specific companies and calling them out for doing business in Russia - a strategy that is working well alongside Ukraine's appeal to governments and trade organizations.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
