Unilever boss explains reluctant Russian exit ...News

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Unilever boss explains reluctant Russian exit
source : Russia Today ( News ) () 78
The consumer giant was among the few multinational companies that had remained in the country despite Western sanctions British consumer-goods giant Unilever pulled out of Russia because it was losing control of its business operations in the sanctions-hit country, its CEO Hein Schumacher told Bloomberg on Tuesday. Exiting Russia was “a very difficult decision to make,” he said, attributing the move not to the Ukraine conflict but complications related to Western sanctions and Russia’s response to them. Unilever had faced difficulties moving cash out of Russia and had experienced issues reviewing company results

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