Why Western brewers are still doing business in Russia
Russia exit | After Russia’s invasion of Ukraine in February 2022, Heineken and Carlsberg flagged they would support Western boycotts and exit the country by the end of December, while AB-InBev sought to sell its stake in the Russian joint venture to its partner, Turkish brewer Efes. But Heineken and Carlsberg had to extend their own deadlines. Finding a trustworthy Russian buyer has proven difficult, and no one knows if the Russian government will subsequently approve their deals. For the time being it is all up in the air.
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