Heineken says it still plans to exit Russia and take €300m loss

"In the meantime, our local colleagues are doing what they can to keep the business going to avoid nationalisation and to ensure their livelihoods are not at risk," Heineken said.

Brewer Heineken still plans to exit Russia and sell its business there at a loss this year, it said on Wednesday, after a Dutch media report questioned whether it had followed through on its March 2022 promise to leave the country.

The story by investigative website Follow The Money reported that Heineken is still operating in Russia, including by selling its non-Heineken international brands such as Amstel, and by launching new products.