Faced with pressure, Nestlé stops selling KitKat and Nesquik in Russia To this day, the company continues to sell essential foods, although it has stopped all its investments, imports and exports to Russian territory.

This article was translated from our Spanish edition.

Newscast | Getty Images

Many companies, media outlets and organizations have made the decision to abandon or modify their operations in Russia as a result of the attack on Ukraine, which is 27 days old today. Nestlé is not one of them. Although the company announced days ago that it has stopped investments, imports and exports in Russian territory, it also explained that it would continue to sell products such as baby formula and other essential foods in Russian territory.

Nestlé's stance has sparked criticism on social media and even prompted a statement from Ukraine's President Volodymyr Zelensky , broadcast on television in Switzerland: "'Good food. Good life.' "That's Nestlé's slogan. The company that refuses to leave Russia. Even now, when there are threats from Russia to other European countries. Not just us. When there is even nuclear blackmail from Russia."

Despite the pressure, the company that employs more than 7,000 people in Russia has decided to maintain its position. In a statement dated March 23, Nestlé explained: "As the war continues in Ukraine, our activities in Russia will focus on providing essential foods, such as baby food and medical/hospital nutrition, not on making a profit. This approach is in line with our purpose and values. It defends the principle of guaranteeing the basic right to food."

The company also explained that it has taken additional measures and announced the suspension of the sale of KitKat and Nesquik chocolate in Russia: "Looking forward, we will suspend (the sale of) recognized Nestlé brands such as KitKat and Nesquik, among others. We have already stopped non-essential imports and exports to and from Russia, stopped all advertising and suspended all capital investment in the country. Of course, we are fully complying with all international sanctions on Russia. While we do not expect to make any profits in the country or pay any related taxes for the foreseeable future in Russia, any profits will be donated to humanitarian aid organizations."

The statement closes by explaining that Nestlé works to guarantee the safety of the more than 5,800 employees it has in Ukraine and that it has taken support measures such as advancing salaries and providing legal advice for those who are forced to leave their country. Nestlé is one of the world's largest food companies.

Eduardo Scheffler Zawadzki

Entrepreneur Staff

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Buying / Investing in Business

From a $120M Acquisition to a $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Buying / Investing in Business

Big Investors Are Betting on This 'Unlisted' Stock

You can join them as an early-stage investor as this company disrupts a $1.3T market.

Business News

Mark Zuckerberg 'Insisted' Executives Join Him For a MMA Training Session, According to Meta's Ex-President of Global Affairs

Nick Clegg, Meta's former president of global affairs, says in a new book that he once had to get on the mat with a coworker.