Barrels are seen at the museum of the Baltika brewery in St Petersburg, Oct 12, 2014.COPENHAGEN - Carlsberg has cut all ties with its Russian business and refuses to enter a deal with Russia's government that would make its seizure of the assets look legitimate, the brewer's new CEO said on Tuesday .
"There is no way around the fact that they have stolen our business in Russia, and we are not going to help them make that look legitimate," said Jacob Aarup-Andersen, who took over as CEO in September. "We're not going to enter into a transaction with the Russian government that somehow justifies them taking over our business illegally," he said on a call with journalists following the company's quarterly earnings statement.