© 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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