SHV, the Dutch conglomerate that owns Nutreco and its fish feed subsidiary Skretting, said Thursday that it would not conduct any new business with Russia, including exports.

The company, whose holdings include energy, retail, transportation and energy distribution, said in a statement that its priority was on the safety of its 1,100 employees in the region and their families.

In addition, the company said trade with Russia would stop.

"For now, no new investments, no new projects and no new exports to Russia will be undertaken," the company said.