Dutch brewer Heineken says it has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine.
FILE - Bottles of Heineken beer are photographed in Washington, USA, March 30, 2018. Dutch brewer Heineken has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine, selling its business in Russia for just 1 euro, the company announced Friday, Aug. 25, 2023. , selling its business in Russia for just 1 euro, the company announced Friday.
Heineken had faced criticism for the slow pace of its exit in the wake of the outbreak of war, but insisted it was seeking to look after its local employees in Russia.as its business there was “no longer sustainable nor viable in the current environment," but added that it wanted to ensure an “orderly transfer” to a new owner.
The sale covers all of Heineken's assets in Russia, including seven breweries. The company said that Arnest has guaranteed the employment of Heineken's 1,800 local staff for three years.
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