Mondelez will spin off its operations in Russia – news Urix – Foreign news and documentaries

Mondelez is one of the world’s largest food manufacturers, and is behind well-known brands such as Oreo, Philadelphia, Toblerone and Ritz. But because they are still active in Russia after the invasion in February last year, the company has been blacklisted by the governing authorities in Ukraine. The company will have around 3,000 employees in the country. According to Reuters, Mondelez has already reduced production in Russia, and by 2024 the business will be separated from the rest of the company, they say in a statement. Has lost money In Norway and Sweden, Mondelez owns Freia and Marabou, which have recently experienced boycotts by several Norwegian companies as a result of the Ukrainian blacklisting. But several of these, such as Elkjøp, Norwegian and Widerøe, chose on Wednesday to reverse and end the boycott. While others, such as the hotel chain Strawberry and SAS, chose to continue their boycott. – For us, it’s about Mondelez who owns and their role in Russia, something Ukraine’s list shows, not individual products or Freia, said communications manager at SAS, Tonje Sund on Wednesday. Mondelez admits in the statement that they feel the Ukrainian blacklisting and the Nordic boycott are good financially. – As a result of this, the sale of several of the products has fallen noticeably. Both the import volume and the market shares have decreased noticeably, they write. Not on the EU’s sanctions list The EU has introduced several sanctions packages against Russia, and drawn up sanctions lists of companies that have operations there. Mondelez is not on these sanctions lists. This means that the Norwegian authorities have also not taken a position on the boycott we have seen in Norway. The Ministry of Foreign Affairs and the Ministry of Trade and Fisheries met Norwegian business and industry on Wednesday. The background was that several businesses wanted clarification from the authorities. – The companies must make these choices themselves, and make them on a basis they themselves assess, said State Secretary Halvard Ingebrigtsen (Ap) in the Ministry of Trade and Fisheries after the meeting.



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