Fonterra has limited exposure to Russia

Fonterra has limited exposure to Russia
Russia has reportedly assembled more than 100,000 troops on the Ukraine border. (Image: Unsplash)
Rebecca Howard
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...

More Primary Sector

Back on track: King Salmon looks ahead
Primary Sector

Back on track: King Salmon looks ahead

King Salmon's core business is sound again; big investment beckons.

Pattrick Smellie 28 Mar 2024
Meng Foon won't quit as a PGW director
Primary Sector

Meng Foon won't quit as a PGW director

His board colleagues have invited him to go.

Riley Kennedy 26 Mar 2024
Agria pulls out of PGW board coup
Primary Sector

Agria pulls out of PGW board coup

Largest shareholder drops bid to have most independent directors dumped.

Riley Kennedy 22 Mar 2024