© Reuters. FILE PHOTO: Barrels are seen at the museum of the Baltika brewery in St. Petersburg, October 12, 2014. REUTERS/Alexander Demianchuk/File Photo
However, after the company announced in June it had found a buyer for its business, Russian President Vladimir Putin the following month ordered the temporary seizure of Carlsberg write-down on Baltika last year. This month, Carlsberg retaliated by ending license agreements for its brands in Russia that have enabled Baltika to produce, market and sell Carlsberg products in the country.
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Carlsberg CEO says Russia stole its businessSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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Carlsberg says Moscow stole its Russian businessCarlsberg has cut all ties with its Russian business and refuses to enter a deal with Russia’s government that would make Moscow’s seizure of the assets look legitimate, the brewer’s new CEO said Tuesday.
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