Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Ukraine designates Nestle int’l sponsor of war for business in Russia

Despite the Swiss food industry leader Nestlé’s pledge to suspend exports and imports to Russia, except for essential goods, Russian store shelves remain stocked with Nestlé products.
Credit: Depositphotos
Ukraine designates Nestle int’l sponsor of war for business in Russia

Ukraine’s National Agency for the Prevention of Corruption (NAZK) has added Swiss corporation Nestlé to its list of international sponsors of war due to the company’s continued operations in Russia, according to an announcement on the NAZK’s website.

The agency stated that despite Russia accounting for just over 2% of Nestlé’s global revenue, the company has yet to exit the Russian market. “Nestlé continues operating in Russia, supplying goods to the aggressor state and expanding its Russian production base. This became the basis for adding the company to the list of international sponsors of war,” the NAZK said.

As of early 2022, the Swiss company had seven factories in Russia and employed over 7,000 people there, operating through its Russian subsidiary Nestlé Russia LLC, per the statement. In 2021, Nestlé Russia paid over $25 million in taxes, however, it has not released financial data for 2022.

Additionally, the NAZK noted that in April 2023, Nestlé Russia’s management asked Russia’s Finance Ministry to limit public access to financial reports of the company’s Russian subsidiaries, likely to avoid sanctions.

Nestlé also imported $374 million worth of semi-finished products and raw materials to Russia in 2022, and $271 million worth in just the first nine months of 2023. This provides additional evidence that imports have continued despite Nestlé’s pledge to suspend them except for essential goods.

After Russia’s full-scale invasion of Ukraine began, Nestlé said it would suspend exports and imports to Russia, except for essential goods. Yet Russian store shelves remain stocked with Nestlé products like breakfast cereals, soups, chocolate bars, and coffee, the agency pointed out.

In October 2022, Nestlé brought technical equipment into Russia disguised as dry milk powder, as evidenced by a court case, showing it is not only importing raw materials for essential goods as claimed, but also trying to covertly supply Russia with technological equipment.

“By remaining in Russia, Nestlé once again shows the world that cooperating with the aggressor is normal, and demonstrates to Russia itself that it remains integrated into global processes, despite the war crimes and murder of thousands of Ukrainians,” The NAZK summarized.

Nestlé is one of the world’s largest food companies, with over 2,000 brands globally, including KitKat, Nescafé, and Nesquik.

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here


    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts