OREANDA-NEWS  Mondelez investors are not forcing the manufacturer of sweets to leave the Russian market faster. The absence of plans to leave the Russian Federation was announced by the company's CEO Dirk Van de Put, his words are quoted by the Financial Times (FT).

The partners do not put pressure on the Oreo and Milka manufacturer to leave Russia, since the firms that left the market paid more money to the budget than those who stayed and pay taxes, the top manager believes. In addition, investors are not concerned about this issue "from a moral point of view," and Mondelez's revenue in Russia is well below the five percent threshold, which is considered a benchmark for significant issues, Van de Put added.

2.7 thousand people work at three Mondelez enterprises in Russia, and about 10 thousand farmers are indirectly involved in the supply of raw materials. According to management, the Russian business now operates as a separate division, and last year it provided 2.8 percent of the group's global revenue (minus 1.2 percentage points year-on-year).

Earlier it became known that the management of the French Danone, whose Russian assets were transferred to the Federal Property Management Agency, may sell them to the Vamin Tatarstan dairy company. The legal entity belongs to 29-year-old Mintimer Mingazov, who joined the board of directors of Life & Nutrition (renamed Danone subsidiary in Russia) in the summer of 2023. Mingazov received the appointment after the company was headed by Deputy Chairman of the Government of Chechnya and Minister of Agriculture of the Republic Yakub Zakriev.