Beer giant Heineken is the latest major Western company to exit Russia.
Beer giant Heineken N.V. is the latest Western company to exit Russia, announcing Friday the sale of its Russian operations to Arnest Group for one Euro.
Related: Unilever CEO vows to look at Russian operations with ‘fresh eyes’ as pressure to exit the country mounts The Ukraine Solidarity Project said that Heineken’s move should increase the pressure on companies that remain in Russia, such as consumer-goods giant Unilever PLC ULVR, +0.27%. “The point here is that major companies, like @Heineken, are and have taken loses of hundreds of millions and billions in leaving the Russian market. It is possible,” the Ukraine Solidarity Project tweeted Friday. “We’re sure @Unilever can do it, too.
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