Heineken, Carlsberg join Russia business exodus

  • 📰 eNCA
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Beer makers Heineken and Carlsberg announced Monday that they would pull out of Russia.

Heineken said its presence in Russia was "no longer sustainable nor viable"MOSCOW - Beer makers Heineken and Carlsberg announced Monday that they would pull out of Russia, joining a foreign business exodus following Moscow's invasion of Ukraine.

They are following hundreds of Western firms that have closed shops and offices in Russia since the war started, a motley list that includes famous names such as Ikea, Coca-Cola, Goldman Sachs and McDonald's. Heineken is the third-biggest brewer in Russia, where it makes the Zhigulevskoe and Oxota brands for the local market. Its other foreign brands include Amstel, Tiger and Strongbow cider.

"The war in Ukraine, and the escalating humanitarian and refugee crisis, shocks us all," CEO Cees 't Hart said in a statement. Revenues from the Russian operations will no longer be included in the company's earnings and the impact of its departure will be outlined at a later date.Ukraine pressure

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Russians have to smell gas and drink petrol now .

Drop the Prize, we r not in War

United States United States Latest News, United States United States Headlines