Procter & Gamble recommits to Russia

|About: The Procter & Gamble Company (PG)|By:, SA News Editor

Reaffirming its commitment to the market, Procter & Gamble (NYSE:PG) will keep investing in Russian plants in 2018 and beyond, calling it "in the interest of both the U.S. and Russia to continue having good business relationships going forward."

Russia's lower house of parliament this week approved a bill that would give the government authority to ban trade in certain items deemed unfriendly to Moscow, in response to a new round of U.S. sanctions.