US-Based Colgate-Palmolive To Sell Only Essential Health, Hygiene Products In Russia

After the US beverage giants PepsiCo, Coca-Cola, Starbucks, and McDonald's now the US-based Colgate-Palmolive has suspended the import-sales in Russia. "We also have ceased all capital investments, media, advertising, and promotional activities," said Colgate-Palmolive CEO Noel Wallace. Furthermore, Mastercard and Visa announced that their cards issued by Russian banks will no longer work outside the country. However, these suspensions of businesses came following Russia’s invasion of Ukraine.