Ukraine has included Unilever in the list of sponsors of the war.
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This decision was taken by the National Agency for the Prevention of Corruption. The agency explained that the company remains on the Russian market and pays significant taxes to the budget, “supporting the economy of the aggressor and contributing to the continuation of Russia’s war against Ukraine.”
Unilever owns more than 400 brands of food and household products. For example, Domestos, Ax, Rexona, Dove, Calve, Rama, Brooke Bond, Lipton, Creme Bonjour, CIF, Knorr, Sunsilk, Timotei, CLEAR, Chistaya Liniya and others are widely represented on the Russian market.
NAPC claims that since the beginning of the war, the company’s net profit has grown significantly, and in 2022 Unilever paid almost $50 million. taxes. The concern promised to stop the import and export of the company’s products both to and from Russia, as well as curtail all marketing activity, but this did not happen.
In total, more than three thousand employees work at the company’s enterprises in Russia. In 2022, the Russian business accounted for 1.4% of Unilever’s turnover and 2% of its net profit, which in 2022 grew by 24.9% compared to 2021 and amounted to 8.03 billion euros.
The company’s revenue last year rose to 60.1 billion (+14.5%). Unilever’s sales rose in all categories, with cosmetics sales the most (+20.8%).
Following Russia’s full-scale invasion of Ukraine, the company promised to suspend all imports and exports of its products to and from Russia, and to stop all media and advertising spending.
However, its enterprises in Omsk, Yekaterinburg, St. Petersburg and Tula still continue to operate, and offices continue to operate, ensuring the presence of brands at points of sale.
A similar situation has developed with the Russian legal entity of the Bacardi alcohol producer. Its net profit tripled to 4.7 billion rubles, brands open bars under their own name and pay for branded pallets in stores before the holidays. It is also likely that the company circumvents sanctions when spilling William Lawson’s whiskey.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.