The Ukrainian confectioner said the move was linked to a trademark dispute with part state-owned Russian firm United Confectioners as political tensions mount between the EU and Russia.
Russian authorities this week froze Roshen assets in Russian banks and yesterday seized the firm’s two factories in Lipetsk.
“The production is on hold. They didn’t force us to close, but we couldn’t continue,” Roshen’s director of PR Inna Petrenko told ConfectioneryNews.
Roshen has one existing factory in Lipetsk and was due to open a second in the region this year. It had invested RUB 9 billion ($249m) over the past four years in a move that would increase its production turnvover 1.5 times, but this facility was also seized by Russian authorities.
United Confectioners dispute
She said the seizure was connected to an ongoing lawsuit initiated by Russian part state-owned competitor United Confectioners.