Having already announced that it has ended new investments and exports to Russia, has ended production, sale and advertising of the Heineken brand, and announced that it will not accept any financial interest or profit from business in the region, the beer company said on Monday. Adel who decided to leave Russia.
“After a previously announced strategic review of our operations, we have concluded that Heineken’s ownership of the Russian business is no longer sustainable or viable in the current environment. As a result, we have decided to leave Russia.”
Heineken then explains that he intends to transfer the Russian business to a new owner in an orderly manner, in accordance with international and local laws, but to ensure the safety of employees and reduce the risk of nationalization, the operations, which were recently reduced, will continue. during the transition period.
With this transfer, the company says it won’t make any profits and still expects to post impairment losses and other extraordinary fees of around €0.4 billion in total. When the transfer is completed, “Heineken will no longer be in Russia.”
The company will also guarantee the salaries of 1,800 employees in Russia until the end of 2022, and it also wants to do everything it can to protect the future of their jobs.
Regarding the situation in Ukraine, Heineken said he was shocked and deeply saddened, and added that they continue to “hope for a path to a peaceful outcome in the short term”.
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