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Carlsberg, Russia's largest beer company owner, sells local assets

"Baltika" will no longer be for Russians.

Carlsberg, Russia's largest beer company owner, sells local assets

Danish beer concern Carlsberg has announced the decision to close its business in Russia. The company owns the Baltika brand, which is the country's largest brewing company.

The concern's website published a decision to close the business due to the war in Ukraine and the aggravation of the humanitarian crisis.

"On 9 March, we announced a strategic review of the Carlsberg Group’s presence in Russia. Based on this review, we have taken the difficult and immediate decision to seek a full disposal of our business in Russia, which we believe is the right thing to do in the current environment. Upon completion we will have no presence in Russia," - the statement said.

8,400 people work at Carlsberg plants in Russia. They will be supported until the end of the sales process. Any profits generated during the "humanitarian crisis" will be donated to relief organizations.

Cees ‘t Hart CEO, Carlsberg Group: "Our thoughts are with the people of Ukraine and we call for peace to be urgently restored."

The Dutch beer concern Heineken announced a similar decision a few hours earlier. The company owns nine plants in Russia and employs 1,800 people.

Ukrainian authorities are calling for the withdrawal of foreign business from Russia to completely stop funding the war of the occupying country against Ukraine.

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