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These consumer staples stocks have higher exposure to Russia and Ukraine

Mar. 01, 2022 10:08 AM ETPepsiCo, Inc. (PEP), MDLZ, IPAR, HLFENR, KMB, BF.A, CHD, MNST, COTYBy: Clark Schultz, SA News Editor6 Comments

Kaliningrad, Russia - January 31, 2021: Pasta on supermarket shelves.

Trots1905/iStock via Getty Images

Citi broke down in a new note which consumer staples companies have the largest sales exposure to Russia and Ukraine as the attack on Kiev and Kharkiv in particular continues to intensify.

The list of

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Comments (6)

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Mondelez International said it will reduce non-essential activities, halt investment and advertising spending in Russia.

The firm said it wanted to maintain food supply continuity there and support colleagues "in the challenging times ahead".

It has already closed operations in Ukraine and "condemned this unjust aggression" from Russia.

The CEO said the food giant would continue to monitor the situation and thanked those who were "working together to address these immense challenges".

The company would also be "stepping up our humanitarian efforts" with a multi-million-dollar commitment in aid to various organizations including to Save The Children and through its employee double-match program with International Federation of the Red Cross.

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u
I'm surprised that KO and PEP haven't been hit like MCD, DIS and some other stocks that have presence in Russia. MCD, KO and PEP should hit Russia where it hurts- their fast food. [YUM as well].
s
In times like this, I doubt too many people will be giving up Brown Forman's products such as Jack Daniels whiskey or Finlandia vodka.
r
PM has 8% exposure to Russia and Ukraine where it has a factory.
n
@rbordogna378 It had two factory* "Philip Morris International’s (PMI) affiliates in Russia, comprised of two factories AO Philip Morris Izhora in the Leningrad region, and its branch Philip Morris Kuban in Krasnodar"
R
@rbordogna378 Tobacco companies know a killer when they see one. Might as well keep all their chips together on the same table!
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