Home Business-newBusiness Mexican transnational company “Bimbo” suspends operations in Russia

Mexican transnational company “Bimbo” suspends operations in Russia

by Yucatan Times
0 comment

On Monday, March 14th, Grupo Bimbo announced that the company is suspending distribution operations, sales, investments and marketing in Russia, due to the war in Ukraine.

“We will continue to monitor and evaluate the situation as circumstances evolve,” he says in the brief statement.

With this, Bimbo becomes the first Mexican company to suspend commercial relations with Russia.

After the outbreak of the war, countries imposed sanctions on Russia, but the Mexican government specified that it would not do so or intervene to send weapons, since it is “pacifist.”

Bimbo arrived in this country in 2017 with the acquisition of East Balt Bakeries, one of the leading companies in the QSR industry. Russia is the largest country in the world, covering one seventh of the earth’s surface, and it was a huge achievement for the Mexican company to establish itself there five years ago.

TYT Newsroom

You may also like

Leave a Comment

Our Company

Lorem ipsum dolor sit amet, consect etur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis.


Laest News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Update Required Flash plugin