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Lithuania's Pieno Zvaigzdes denies plans to produce cheese in Russia

From Reuters - February 13, 2018

MOSCOW (Reuters) - Lithuanian dairy company Pieno Zvaigzdes said on Tuesday it had no plans to produce cheese in Russia after the local government announced it intended to do so.

A spokeswoman for Russias Moscow region agricultural ministry said earlier Pieno Zvaigzdes could produce 12,000 tonnes of cheese per year starting next year, a move that would bypass a ban on some food imports.

We inform that recent publications in the media that AB Pieno Zvaigzdes intends to invest in the Russian Federation and build a new cheese production factory are not correct, Chief Financial Officer Audrius Statulevicius said in statement.

The company AB Pieno Zvaigzdes does not have such plans in the near future.

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