Russian authorities have placed Danone’s Russian subsidiary under ‘temporary external administration’. Baltika Breweries, in which Carslberg owns a stake, is now also under Putin’s control.
From the archives: Reflecting on one year of war in Ukraine
Multi level marketing company Nature’s Sunshine has recorded a sixth straight quarter of rapid growth. But as the company has significant operations in Russia and Ukraine, the war has complicated the company’s task of forecasting future results.
The Russian invasion of Ukraine this morning is expected to have little effect on the supply of ingredients to the dietary supplement industry in the near term. The picture for companies selling finished products within the two countries is less clear.