Heineken Halts Beer Sales in Russia, Joins Corporate Exodus
- Dutch brewer assessing future of doing business in Russia
- Wave of U.S., European companies exit Russia as backlash grows
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Heineken NV has stopped the production and sale of its own brand beer in Russia, joining a wave of companies to exit the country in response to the invasion of Ukraine.
The move expands on previous steps by the Dutch brewer, which had already halted all new investments in Russia as well as exports of other brands. Production, advertising and sale of the Heineken brand there will immediately halt, the company said in a statement Wednesday.