Nestle to suspend sales of most brands in Russia

Swiss food giant Nestle is pulling its popular brands out of Russia but will still sell essential foods, Report informs, citing BBC.

The firm stopped investment in the country earlier this month but has now suspended sales of brands such as KitKat and Nesquik.

"As the war rages in Ukraine, our activities in Russia will focus on providing essential food - not on making a profit," Nestle said.

"We are fully complying with all international sanctions on Russia," it added.

The latest move will leave it selling just infant food and medical and hospital nutrition:

"While we do not expect to make a profit in the country or pay any related taxes for the foreseeable future in Russia, any profit will be donated to humanitarian relief organizations."