Procter&Gamble Denied Full Exit from Russia
The company said that it has adapted its business in accordance with the constantly changing situation, according to the material of Lenta.ru. P&G added that its operations in Russia have already been restructured.
Earlier Reuters reported on the risk of P&G's complete withdrawal from Russia. The agency indicated that a potential withdrawal from the market is associated with sanctions, financial constraints and supply problems. In early March, P&G said it had ceased investments in Russia and advertising activity.
P&G has two major operations in Russia. A plant in the Tula region produces cleaning and cleansing products and diapers; a plant in St. Petersburg specializes in disposable razors and razor blades.
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