“The war in Ukraine and the escalating humanitarian and refugee crisis are shocking to all of us. We continue to strongly condemn the Russian invasion, which has led to so many casualties, disasters and human tragedies,” said Carlsberg CEO Cees Ht. in a statement. Carlsberg’s operations in Russia reported revenue of 6.5 billion Danish kroner ($ 958 million) and 682 million kroner ($ 100 million) in 2021, respectively. impairment charge. Heineken (HEINY) had already stopped new investments and exports to Russia and had stopped selling, producing and advertising Heineken beer in the country. “We are shocked and deeply saddened to see the war in Ukraine continue to unfold and intensify,” the Dutch brewery said in a statement. Brewer Moretti and Amstel said they aim to transfer the business to a new owner while complying with Russian and international law. “In order to ensure the continued safety and well-being of our employees and to minimize the risk of nationalization, we have concluded that it is necessary to continue with the recently reduced operations during this transitional period,” he added. The brewery said it would pay the salaries of its 1,800 employees in Russia by the end of 2022 and “do everything in our power to safeguard their future employment.” Heineken expects to earn 400 million euros ($ 439 million) from the move. “Once the transfer is completed, Heineken will no longer have a presence in Russia,” the company said. Heineken said in February that the volume of its Russian beer had increased by a few percentage points in 2021, due to stronger demand for the premium brands Heineken, Miller and Dr Diesel. It also reported growth for its leading activities in the cider market in Russia. Dozens of companies in all sectors of the economy have left Russia or frozen their operations there since the February 24 invasion. Rival brewery AB InBev (BUD), the maker of Budweiser and other brands, said it had “asked shareholder control” of its operations in Russia to suspend the production and sale of Bud in the country. The company also “loses all financial benefits” from the activities of the consortium. Employees will continue to be paid.
