Ukranian confectionery firm Roshen’s chocolate factory in Lypetsk, Russia has been seized by police.

A joint statement issued yesterday (21 March) by the Ministry of Foreign Affairs of Ukraine and the Ministry of Economic Development of Ukraine confirmed that the seizure had taken place “without notice”.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

“Representatives of Russian law enforcement agencies did not provide any documentation that would give them the right to break into the premises and suspend production. The company Roshen had not received any official notice or warning, which would be a prerequisite for the unlawful interference in their activities,” it read.

The bodies added they believed the move was a “logical continuation of the politically-motivated launched against Ukrainian investors last year when, when a Rospotrebnadzor decision essentially introduced sanctions against the Roshen company as one of the largest Ukrainian producers”.

The news comes as tensions between Russia and Ukraine have escalated following Russia’s annexation of the Crimea region.

Earlier this week X5 Retail Group had reportedly exited Ukraine selling off its businesses to local rival Varus. Metro Group also decided to hold off on an IPO of part of its Russian cash-and-carry business.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“With this incident, the Russian government is setting a dangerous precedent that may result in boomerang-like consequences,” said the Ministry of Foreign Affairs and Ministry of Economic Development and Trade of Ukraine on the seizure of Roshen’s facility, adding that they “demand Russian official agencies immediately cease interfering in the production and provide explanations for seizing Roshen properties”.

A spokesperson for Roshen could not be immediately reached for comment.