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Home In Brief

Nestle, tobacco giants, Sony join move away from Russia

by  Reuters and ILH Staff
Published on  03-10-2022 10:28
Last modified: 03-10-2022 10:28
Nestle, tobacco giants, Sony join move away from RussiaReuters/Pierre Albouy

Nestle logo is pictured on the door of the supermarket of Nestle headquarters in Vevey, Switzerland, Feb. 13, 2020 | File photo: Reuters/Pierre Albouy

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Nestle, Philip Morris, and video game-maker Sony joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine.

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Nestle, the world's biggest packaged foods group, and Mondeleze International followed actions by rivals Procter & Gamble and Unilever in halting investment in Russia.

But the four companies will continue providing essentials, with Mondelez aiming to help to maintain "continuity" of the Russian food supply.

Similarly, while cigarette maker Imperial Brands suspended operations in Russia, rival Philip Morris only said it would scale down manufacturing, and Camel maker British American Tobacco Plc said its business in Russia continued to operate, even though it had suspended capital investment.

Sony, whose movie studio has already stopped releases in Russia, took additional action on Wednesday, saying its PlayStation gaming unit would stop shipments and operations in Russia. "Sony Interactive Entertainment joins the global community in calling for peace in Ukraine," it said.

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