Unilever, Kraft Heinz Suspend Exports, Investments In Russia

• Food and beverage company Kraft Heinz Co (NASDAQ:KHC) has suspended all new investments in Russia and also all imports and exports of products.
• Kraft Heinz said it continues to closely assess the humanitarian crisis in Ukraine.
• Consumer goods giant Unilever PLC (NYSE:UL) has halted all imports and exports of its products in Russia in addition to stopping advertising and media spending in the country, the Wall Street Journal reported.
• "We will not invest any further capital into the country nor will we profit from our presence in Russia," the report quoted CEO Alan Jope.
• The companies didn't disclose earnings details for the region.
• Price Action: KHC shares are trading lower by 1.81% at $37.96, and UL is up 2.38% at $44.75 in premarket on the last check Wednesday.