“We are significantly reducing our portfolio to focus on basic health, hygiene and personal care products,” the company said in a statement.
P&G executives said they would not make new investments in Russia and would suspend promotion, media and advertising.
Among the brands owned by P&G: Pampers, Tide, Mif, Always, Tampax, Naturella, Gilette, Venus, Head & Shoulders, Pantene, Fairy, Blend-a-Med, Old Spice.