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Carlsberg Will Sell Russia Business to Exit Country Completely

The Baltika Breweries LLC plant, operated by Carlsberg A/S, in Saint Petersburg. 

The Baltika Breweries LLC plant, operated by Carlsberg A/S, in Saint Petersburg. 

Photographer: Andrey Rudakov/Bloomberg

Carlsberg A/S, which owns the biggest brewery in Russia, said it will sell its Russian business and leave the country completely.

“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,” the Copenhagen-based brewery said in a statement on Monday.