Companies saying NO to Russian Invasion of Ukraine

French agribusiness Danone said in October that it planned to withdraw from most of its business.

Danone then said it would give up the dairy and plant-based business in Russia, retaining only its infant nutrition branch.

The move could result in a write-off of up to one billion euros ($980 million), it said.

Carlsberg announced in March that it would sell the entirety of its activities in Russia, where it employed 8,400 people.

Last month the multinational brewer said it had found an unnamed buyer for the business, more than a year after announcing its exit from the market due to the conflict in Ukraine.

Alternate sources :

• https://www.pravda.com.ua/eng/news/2023/07/16/7411589/
• https://www.bloomberg.com/news/articles/2023-07-16/russia-takes-temporary-control-of-danone-and-carlsberg-assets#xj4y7vzkg
• https://www.marketscreener.com/quote/stock/CARLSBERG-A-S-1412856/news/Moscow-takes-control-of-Russian-subsidiary-of-Danone-and-Carlsberg-s-stake-in-brewer-44345093/