INSUBCONTINENT EXCLUSIVE:
British consumer goods giant Unilever on Thursday completed the sale of Unilever Russia, finally joining other multinationals in exiting the
country following its invasion of Ukraine in February 2022.Unilever said in a statement that it had offloaded the subsidiary to Arnest
Group, a Russian manufacturer of perfume, cosmetics and household products, for an undisclosed amount.Unilever said its business in Russia's
close ally Belarus was included in the sale."The completion of the sale ends Unilever Russia's presence in the country," Unilever chief
executive Hein Schumacher said in Thursday's statement.He added that the sale "includes all of Unilever's business in Russia and its four
food and hygiene products made in the country.A consequence of the war was to send inflation rocketing, pushing up prices of essentials like
accused of hiking prices of some goods far more than necessary
Producers hit back, insisting that they were in fact seeking to limit the rate of price increases while facing their own spiralling costs.
