Fazer exits all its operations in Russia
Fazer has decided to exit all its operations in Russia. Fazer has three bakeries in St Petersburg, and one in Moscow, employing approximately 2,300 people. In 2021, net sales from Russia totalled approximately EUR 157 million, accounting for 13% of total net sales for Fazer Group.“We see no other solution than to exit Russia. Russia’s attack on Ukraine is an act of aggression which has tragic consequences across the region. We have several stakeholders and severe consequences to take into consideration, which has not allowed us as fast an exit as we would have wished for. We have worked