Ukranian-owned chocolate company Roshen has confirmed it intends to close its Russian factory in Lipetsk.
The company, which has been controlled by Ukranian President Petro Poroshenko, stated on its website that it would shut down the production facility from this April.
According to the statement, it was explained that it was now ‘impossible’ for the plant to continue due to a case being investigated by Russian state authorities.
Its closure comes at a point of high political tension between Ukraine and Russia, in the wake of the referendum that saw Crimea secede from Ukraine to become part of the Russian Federation.
Roshen revealed that its production volumes at Lipetsk had decreased three times since 2013, which it attributed to bans being placed on Ukranian products entering Russia.
As a result, the company said there had been a significant reduction of staff, which has added to the uncertainty now surrounding the future of the company’s Russian operations.
The latest report on the closure of the factory, follows reports by national media in 2014, in which Russian riot police had reportedly been called in to halt production at Lipetsk. It was reported that this was down to Russian consumer watchdog concerns over Roshen sweets.
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