No. Despite the presence of eucalyptus and peppermint oils, LOODU Ninasalv is a cosmetic balm for the outer skin around the nostrils, not a decongestant or a treatment for colds. It is not meant to be inhaled, and it should not be applied deep inside the nose. Its purpose is to protect and soften skin that has become dry, rough or reddened from frequent nose-blowing, wind or heated indoor air.
People sometimes associate eucalyptus and peppermint with cold season and expect a warming or clearing sensation. The scent is indeed fresh and aromatic, but the product's function is to create a protective layer and reduce moisture loss from the skin, not to act on the respiratory system. It will not relieve a blocked nose, reduce mucus, or shorten a cold. It may make the area around the nostrils feel more comfortable if it has been wiped repeatedly, but that is a skin comfort effect, not a medical one.
If you are looking for a cold remedy, this balm is not a substitute for any nasal spray, medication or other course of care. It is not intended to diagnose, treat or prevent any disease. For congestion or respiratory symptoms, follow the advice of a pharmacist or doctor.