Mondelez International, Inc. is an American multinational confectionery, food, holding and beverage and snack food company. Mondelez has an annual revenue of about $26 billion and operates in approximately 160 countries.
The company has a subsidiary and 3 factories. Significantly increased revenue in Russia from $928mn in 2021 to $1.343bn in 2022. The company has three factories in Russia and continues to sell its products there, including Milka chocolate, despite investor pressure and boycotts calling for it to stay.
Initially, the company promised to scale back all non-essential activities in Russia, discontinue all new capital investments and suspends advertising media spending. But later they announced: "We continue to evaluate the situation in Ukraine and Russia and our ability to control our operating activities and businesses on an ongoing basis, and we continue to consolidate both our Ukrainian and Russian subsidiaries. During the first quarter of 2022, Ukraine generated 0.3% and Russia generated 2.4% of consolidated net revenue and during the first quarter of 2023, Ukraine generated 0.4% and Russia generated 2.8% of consolidated net revenue". Significantly increased revenue in Russia from $1.016bn in 2021 to $1.463bn in 2022. Was included in the list of international war sponsors by NACP.