Shareholder group urges Nestlé to halt all Russia business

Nestlé must halt all its activities in Russia, the Actares shareholder organisation said on Monday, ramping up the pressure after Ukrainian President Volodymyr Zelensky singled out the Swiss food giant.
Nestlé has suspended all its imports and exports to Russia, including Nespresso coffee pods and San Pellegrino bottled water, but has maintained deliveries of vital products such as baby food.

In a speech live-streamed to a rally outside the Swiss federal parliament in Bern on Saturday, Zelensky urged Swiss companies to cease doing business in Russia, picking out Nestlé, and condemned firms that carried on regardless despite the siege of Mariupol.
“Actares – shareholding for a more responsible economy – urges Nestlé to consider President Zelensky’s call in the Federal Square to stop doing business with Russia!”, the group, one of Switzerland’s top shareholders’ associations, said in a statement.
Nestlé insisted on Sunday that it was not making any profits in Russia, winding down many of the firm’s activities in the country following the Kremlin-ordered invasion of neighbouring Ukraine on February 24.
“We have stopped all our investments there and have ceased all our advertising...