The parade of western firms constraining business in Russia has — until now — had a notable absence: Minnesota-based Cargill, one of the country's largest foreign agribusiness investors.
With public pressure mounting, Cargill said Friday it will scale back its business activities and has stopped investment in Russia. But the company declined to specify where and how.
"We will continue to operate our essential food and feed facilities in Russia," Cargill said in a statement. "This region plays a significant role in our global food system and is a critical source for key ingredients in basic staples like bread, infant formula and cereal."
