Heineken withdraws from Russia in aftermath of Ukraine war
The brewing giant assures that 1,800 employees' will be paid until the end of 2022
By Ishika Dangayach
Published - Mar 28, 2022, 09:46 AM ET
Last Updated - Feb 20, 2024, 12:42 PM EST
Dutch brewer will not accept any net financial benefits or profit from our business in Russia
Heineken,Inc.( HEIA) the Dutch brewing company announced its exit from Russia on Monday, after earlier ceasing new investments and exports to Russia amid Moscow's invasion of Ukraine.
“Following the previously announced strategic review of our operations, we have concluded that HEINEKEN’s ownership of the business in Russia is no longer sustainable nor viable in the current environment. As a result, we have decided to leave Russia,” the brewing giant said in a statement.
