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Carlsberg Skimps on Russian Beer as Turmoil Weighs on Earnings

Carlsberg A/S, Russia’s biggest brewer, is filling some bottles with less beer and making others smaller in the country as it seeks to limit price increases amid political upheaval, its chief executive officer said.

The measures mean “we don’t have to increase prices as much, because then we can keep the same price points but lower volumes a little,” Carlsberg CEO Joergen Buhl Rasmussen said in a telephone interview yesterday, after the Danish brewer cut its full-year outlook because of a shrinking market in Russia.