The French supermarket chain Auchan is cutting off investment and supplies to Russia ,
KYIV. UkraineGate , 5 , April , 2022 | War News .
Quote
“We finally got the head office to stop investments and supplies in Russia. (…) From the first days of the war, Auchan Ukraine condemned Russia’s armed aggression. Under pressure from thousands of employees, dozens of letters – the head office decided to curtail investment and stop deliveries to Russia, “the statement said.
Details
In particular, the following restrictions will apply in Russia:
• will not open new stores;
• will not repair existing stores;
• will not support IT technologies and projects;
• will not update basic software, such as: cash, logistics, commercial, etc .;
• will not supply imported goods to Russia – and this is 90% of the range of clothing, footwear, household goods, textiles.
As noted, stores in Russia are now unprofitable. These sanctions will lead to a catastrophic decline in trade and taxes and a high probability of bankruptcy.
Source: Ukrgate
