Kerry Group has suspended its operations in Russia and Belarus.
ADVERTISEMENT
The Kerry Group announced that it has suspended its operations in Russia and Belarus with effect from Monday 4 April.
A Kerry Group statement said it has scaled back its activities in Russia and Belarus over recent weeks but that “following extensive ongoing consultation with stakeholders” the group announced that it is suspending its operations in Russia and Belarus.
Kerry Group had highlighted in its 2021 annual report that Russia and eastern Europe had continued to deliver strong growth across both retail and food service sectors, led by meat and snacks.
ADVERTISEMENT
Since then, Kerry sold its meat and meals business to Pilgrim’s Pride, which is 80% owned by JBS, the world’s largest meat processor.
Russia has banned beef and some dairy imports from EU countries in retaliation for sanctions imposed at the time of the Crimea invasion in 2014.
Up to that point Russia had been a growing market for Irish beef, particularly liver and other offal.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The Kerry Group announced that it has suspended its operations in Russia and Belarus with effect from Monday 4 April.
A Kerry Group statement said it has scaled back its activities in Russia and Belarus over recent weeks but that “following extensive ongoing consultation with stakeholders” the group announced that it is suspending its operations in Russia and Belarus.
Kerry Group had highlighted in its 2021 annual report that Russia and eastern Europe had continued to deliver strong growth across both retail and food service sectors, led by meat and snacks.
Since then, Kerry sold its meat and meals business to Pilgrim’s Pride, which is 80% owned by JBS, the world’s largest meat processor.
Russia has banned beef and some dairy imports from EU countries in retaliation for sanctions imposed at the time of the Crimea invasion in 2014.
Up to that point Russia had been a growing market for Irish beef, particularly liver and other offal.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS