Business

Russia hits American sweets factory with missile in northeastern Ukraine

1 min read
Russia hits American sweets factory with missile in northeastern Ukraine
The Trostianets confectionery plant in Trostianets, Ukraine on April 6, 2017. (Vincent Mundy/Bloomberg via Getty Images)

Russia struck a sweets factory in northeastern Ukraine owned by the American multinational company Mondelez on Feb. 21, Ukraine's Foreign Minister Andrii Sybiha said in a post on X.

The factory, located in Trostianets in Sumy Oblast, was struck by a missile, Sybiha said. The plant has operated since the 1990s, and produces a range of well-known products, including Oreo and Milka.

"When Russia targets facilities owned by American companies on Ukrainian soil, it does so knowingly," Yulia Svyrydenko, Ukraine's prime minister, posted on social media on Feb. 22.

According to Svyrydenko, Mondelez has invested more than $250 million into the factory over the years.

A video posted to LinkedIn by Svyrydenko shows the factory heavily damaged after the attack. The extent of the damage and the potential cost to repair the factory remain unclear.

Andy Hunder, president of the American Chamber of Commerce in Ukraine — of which Mondelez is a member — told the Kyiv Independent that targeted strikes against American owned companies are nothing new.

"Forty-seven percent of the members of the American Chamber of Commerce have had damage or destruction to their facilities across Ukraine," he said.

Avatar
Luca Léry Moffat

Economics reporter

Luca is the economics reporter for the Kyiv Independent. He was previously a research analyst at Bruegel, a Brussels-based economics think tank, where he worked on Russia and Ukraine, trade, industrial policy, and environmental policy. Luca also worked as a data analyst at Work-in-Data, a Geneva-based research center focused on global inequality, and as a research assistant at the Economic Policy Research Center in Kampala, Uganda. He holds a BA honors degree in economics and Russian from McGill University. Luca is originally from the UK.

Read more
News Feed

"This agreement will help ensure Ukraine gets the support it needs to defend itself against Russian aggression, while backing British defense companies, supporting skilled jobs and strengthening our national security," said British Prime Minister Keir Starmer on July 13.

The listings include the company VK, which owns the social media website VKontakte, its daughter company Communication Platform LLC, which developed Max, and the latter's head, Elena Bagudina.

Show More