E-Malt.com News article: Russia: Former Russian president sneers at Carlsberg after brewer says its business was stolen

Former Russian president Dmitry Medvedev sneered at the Danish brewer Carlsberg on November 1 for having thought it could quit Russia without penalty after the West sanctioned Moscow for its invasion of Ukraine, Yahoo Finance reported.

Carlsberg CEO Jacob Aarup-Andersen on October 31 said Russia had stolen its business when President Vladimir Putin in July granted temporary control of its majority stake in the Russian brewer Baltika to the federal government.

Russia says the move does not change the ownership structure, but Carlsberg said it had cut ties with Baltika, scrapping all licence agreements, and would not enter a deal with Moscow that would make the seizure look legitimate.

Medvedev, once seen as a liberal reformer but now an arch-hawk as deputy chairman of Russia's Security Council, mocked the brewer in a typically profane posting on Telegram.

"Like their brethren in the Western menagerie, they abandoned everything in Russia for political reasons ..., refused to fulfil their obligations to Russian contractors.

"And they thought they'd be left alone," he wrote. "'We give you sanctions, and weapons to the Ukrainian regime, but don't you touch our property, or at least let us sell it profitably'."

The Danish group halted investments in Russia shortly after the invasion and has been trying to sell Baltika since last year, following in the footsteps of many other Western companies exiting Russia.

Carlsberg had eight breweries and about 8,400 employees in Russia, and took a 9.9 billion Danish crown ($1.4 billion) write-down on Baltika last year.


01 November, 2023