Russia has ‘stolen our business’

By Jacob Gronholt-Pedersen

COPENHAGEN (Reuters) – Carlsberg has cut all ties with its Russian business and refuses to enter a deal with Russia’s government that would make its seizure of the assets look legitimate, the brewer’s new CEO said on Tuesday.

The Danish group had since last year attempted to sell its Baltika subsidiary in Russia, following in the footsteps of many other Western companies exiting Russia since its invasion of Ukraine.

However, after announcing in June it had found a…