Nutella maker Ferrero suspends non-essential activities in Russia By Reuters

China's oil demand bounce may push producers to reconsider output - IEA

Nutella maker Ferrero suspends non-essential activities in Russia

Economy Mar 11, 2022 19:52

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Nutella maker Ferrero suspends non-essential activities in Russia

MILAN (Reuters) - Italian food group Ferrero has decided to suspend non-essential activities and development plans in Russia in the wake of the Ukraine crisis, the Nutella maker said on Friday.

"We will reassess our decisions on a regular basis as we continue to closely monitor the impacts of this dramatic and rapidly evolving situation, doing our utmost to safeguard people's safety", it said in a statement on its website.

Ferrero also said it had temporarily closed its offices in Ukraine and would donate 1 million euros to help children and families in the country.

The food group operates a plant in Russia and commercial activities in Ukraine.

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