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Mondelez CEO says will close plants in Russia, Ukraine if becomes ‘too dangerous’ -Breaking

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© Reuters. FILE PHOTO – Oreo biscuits are pictured with a Toblerone Swiss chocolate milk chocolate in this illustration photo taken July 26, 2021. REUTERS/Dado Ruvic/Illustration

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By Jessica DiNapoli

NEW YORK (Reuters) – Oreo cookie maker Mondelez International Inc (NASDAQ:) If tensions rise between Russia and Ukraine, the company will shut down its facilities in both countries. Dirk Van de Put, Chief Executive Officer of the Company told Reuters Wednesday that the country would do so if it became “too risky”.

According to the company’s website, there are more than 4300 snack makers in Eastern Europe. This region includes Russia, Turkey, Kazakhstan and Kazakhstan.

Van de Put stated in Zoom that the main concern is to ensure safety for those individuals. We have large business in both of these countries. “If that means closing plants due to danger, then we’ll do it.”

Mondelez has identified Ukraine and Russia as emerging European markets. The company produces local brands like Jubilee and Korona. Chicago-based Oreo biscuits, Milka chocolate, gum, and candy are also sold by the company.

According to the U.S. State Department, a Russian invasion in Ukraine is still possible. On Wednesday, Ukraine declared a state emergency.

Mondelez has recently enhanced its cybersecurity, as an extra precaution. Van de Put explained that Mondelez had “immediately taken steps” to secure its information technology network from attack.

According to the CEO, “The war might also be played through (computer virus),” This could all be part this war.

Van de Put explained that Mondelez cares also about protecting its plants from physical destruction.

Reuters reported that he wanted to ensure that the shelves of Ukraine’s stores are stocked. He also stated that he would like to see that Ukraine keeps its market supply, including stockpiling raw materials.

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