Danone reviewing possible exit from Russia - source

About 5% of its revenue came from Russia in 2021
calendar icon 5 April 2022
clock icon 1 minute read

French food group Danone is looking at possible ways of withdrawing from Russia as the war in Ukraine worsens amid reports of killings of civilians in the city of Bucha, a source close to the matter said on Tuesday, adding no decision had yet been taken.

"Danone is reviewing a possible withdrawal from Russia," the source said, adding the company wanted to avoid losing assets or exposing local staff to trouble as well as avoid cutting the local population from food supply if it pulled out, reported Reuters.

Danone did not publicly comment on Russia.

The company earned about 5% of its revenues in Russia in 2021 and less than 1% in Ukraine, where it has close to 1,000 staff.

Source: Reuters

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