Fonterra has limited exposure to Russia

Russia has reportedly assembled more than 100,000 troops on the Ukraine border. (Image: Unsplash)

Thu, 27 Jan 2022

Should the Russia-Ukraine situation escalate there is likely to be little impact on Fonterra given that New Zealand can't unilaterally impose any trade sanctions. “We have a long-standing policy – which I think has served both Labour and National governments very well over a long period of time – that we only have the legal authority to impose trade sanctions pursuant to a UN Security Council resolution on the issue,” said Tim Groser, former trade ministerGiven that Russia is a member of the security council and...

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