The American company Mondelēz International is listed as an international sponsor of the war.
The American multinational confectionery, food and beverage company Mondelēz International has been added to the list of international sponsors of the war in Ukraine. This was reported by the National Agency for the Prevention of Corruption.
“In the middle of the war, the company not only continues to operate in the Russian market, but also effectively promotes its products in retail chains and introduces new products to the market,” the report said.
It was noted that the interests of the company, which has an annual revenue of about $ 26 billion and operates in 160 countries of the world, are represented in the Russian market by Mon’delis Rus LLC, which has three plants:
the Bolshevik factory, which makes Jubilee cookies, OREO, Bear Barney and TUC crackers;
production in Pokrov (Alpen Gold chocolate, Vozdushny, Milka and Picnic bars);
plant in Veliky Novgorod (Dirol chewing gum and Halls lollipops).
By the end of 2022, the revenue of the Russian branch of Mondelēz International reached $339 million (+303% per year), profit – more than $1 billion (+38% per year). The company fills the Russian budget with more than 61 million dollars in taxes.
“This is a dry financial statistic, measured by the lives of Ukrainian children who will never try Bear Barney again,” NAPC said.
Following Russia’s invasion of Ukraine, Mondelēz employees in the Baltic region, which includes Lithuania, Latvia and Estonia, sent a petition to CEO Dirk van de Put to close all businesses in Russia.
Mondelēz responded formally – it announced the suspension of new investments and advertising investments in Russia. “However, judging by the financial indicators, the Russian market remains promising for the company,” the NAPC summed up.
It will be recalled that earlier the NAPC included the Hungarian OTP Bank in the list of international sponsors of the war. The list also includes the Chinese company Xiaomi Corporation.
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.