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AB InBev's Russian buzz kill

Apr 22, 2022
Animated illustration of four different kinds of beers.

Illustration: Maura Losch/Axios

Anheuser-Busch InBev suspended Budweiser sales in Russia last month. Today, the company said it would exit the region entirely by selling a stake in a joint venture with Turkish brewer Anadolu Efes.

Why it matters: The move will result in a $1.1 billion charge against the company and shows just how far executives are willing to go to distance their businesses from Russia and its leader, Vladimir Putin.

Context: It comes as beer makers exit operations in Russia.

  • "Danish brewer Carlsberg A/S on Thursday cut its earnings guidance and said it’s facing a $1.4 billion writedown as it moves ahead with plans to exit Russia, while Amsterdam-based Heineken NV said in late March it plans to sell its business in the country," per Bloomberg.

What's next: AB InBev said it’s already in “active discussions” with Anadolu Efes about selling the stake it's disposing to its Turkish partner.

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