Latest News

Nutella maker Ferrero suspends non-essential activities in Russia

© Reuters. FILE PHOTO: Miniature glasses with hazelnut spread Nutella at a restaurant in Seeheim near Darmstadt, Germany, March 27, 2016. REUTERS/Kai Pfaffenbach

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.

Nutella maker Ferrero suspends non-essential activities in Russia

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News