#British consumer goods giant #Unilever has doubled profits and increased ad spending in russia despite its pledge to stop profiting from the market after moscow invaded #Ukraine last year
Its russian subsidiary Unilever Rus, which employs more than 3,000 people, almost doubled its 2022 net profit from 4.8 billion rubles ($62 million) to 9.2 billion rubles ($119 million), according to the investigative news outlet Follow the Money.
Read more here๐ https://www.themoscowtimes.com/2023/05/12/unilever-doubles-russia-profits-boosts-ad-sales-despite-divestment-pledge-a81118
British consumer goods giant Unilever has doubled profits and increased ad spending in Russia despite its pledge to stop profiting from the market after Moscow invaded Ukraine last year, investigative media reported Friday.