Heineken and Carlsberg To Leave Russia

Heineken and Carlsberg , To Leave Russia.

Heineken and Carlsberg , To Leave Russia.

The companies made their announcements on March 27.

Carlsberg is seeking a "full disposal" of its business in Russia.

It will maintain minimal operations "to sustain the livelihoods of these employees and their families" until the business is sold.

The war in Ukraine, and the escalating humanitarian and refugee crisis, shocks us all.

We continue to strongly condemn the Russian invasion, which has led to so much loss of life, devastation and human tragedy, Cees 't Hart, Carlsberg CEO, via statement.

CNN reports Heineken, which had already stopped exports to Russia, is seeking to transfer the business to a new owner.

We are shocked and deeply saddened to watch the war in Ukraine continue to unfold and intensify, Heineken, via statement.

To ensure the ongoing safety and wellbeing of our employees and to minimize the risk of nationalization, we concluded that it is essential that we continue with the recently reduced operations during this transition period, Heineken, via statement.

Upon completion of the transfer Heineken will no longer have a presence in Russia, Heineken, via statement.

CNN reports that though the company expects to lose $439 million from the move, it will pay its 1,800 employees in Russia through the end of the year.

CNN reports that though the company expects to lose $439 million from the move, it will pay its 1,800 employees in Russia through the end of the year.

Heineken also said it "will do our utmost to safeguard their future employment."