Source link Carlsberg Group had previously announced having de-consolidated Baltika Breweries, its Russian business The financial loss sustained by Danish brewing multinational Carlsberg Group due to its exit from Russia amounted to 40.8 billion Danish krone ($5.9 billion), according to the company’s full-year 2023 earnings report released on Wednesday. Last year, the Russian authorities took […]
Source link The legal battle between Russia’s Baltika Breweries and Danish beer giant Carlsberg is gaining momentum as the Russian brewer now seeks to preserve its rights for using the group’s flagship brands Carlsberg and Grimbergen, Kommersant reported on Thursday. The Russian beer maker filed a claim with the Arbitration Court of St. Petersburg and […]
Source link The top three exporters to the country have all joined the sanctions against Moscow, yet sales have soared Beer from ‘unfriendly countries’ should be added to Russia’s list of blacklisted goods, MP Aleksey Didenko has said in a proposal to Prime Minister Mikhail Mishustin, Izvestia reported on Tuesday. Germany, Latvia, and Lithuania have […]
Source link Germany has retained its position as the largest exporter of beer to Russia over the past two years, RIA Novosti reported earlier this week, citing international trade statistics covering 2022-2023. Beer export data for the first ten months of each year show that Germany accounted for about a third of the Russian market. […]
Source link The Russian court has satisfied a claim by Baltika Breweries allowing it to continue to use the beer brands of its former partner, the Danish brewer Carlsberg, according to a post on Russia’s information portal Digital Justice. The Arbitration Court of St. Petersburg and Leningrad Region has declared invalid a unilateral termination of […]