The Dutch brewery Heineken today announced its decision to withdraw its business from Russia having previously expressed its intention to suspend new investment and exports to the country in anticipation of a € 400 million surcharge.
“We have concluded that the ownership of the company owned by Heineken in Russia is no longer viable in the current environment,” the company said in a statement, adding that it would not make a profit from any transfer of ownership.
Heineken, which sells Botsjkarev Ochota en Tri Medvjedja beers on the Russian market, said it was aiming for a “smooth transition” and would continue to operate with reduced operations during the transition period to avoid risk of nationalization.
The company also announced that it will guarantee the salaries of its 1,800 employees by the end of this year.
Ukrainian President Volodymyr Zelensky has called on multinational corporations to leave the Russian market following a large-scale military invasion of Ukraine a month ago.
Competitive company Carlsberg, owner of the largest Baltika brewery, still sells its Baltika beers but earlier this month said it had launched a strategic review of its operations in the country and was suspending production of beer of the same name in Russia. .
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