9 Mar 2022 17:11

Baltika to continue operating, despite Carlsberg's decisions on sanctions

VORONEZH. March 9 (Interfax) - All breweries of brewing company Baltika, a wholly owned subsidiary of Danish brewing concern Carlsberg, are continuing to operate as usual, Baltika's press service told Interfax.

"Baltika will continue its operational and commercial activities while adapting its processes and plans in accordance with the changes that are occurring. Our supply chain is localized to a substantial degree: we have local production and most of our suppliers and clients are located here, which provides us with additional stability in this situation," the press service said.

Alexander Gusev, governor of the Voronezh region, where one of Baltika's breweries is located, said on Telegram that the company would support the enterprise there, "no upheavals await the staff in the near future, and components and ingredients are in stock."

Carlsberg Group made the decision earlier to immediately halt investments in Russia. Carlsberg is also halting export shipments to its Russian subsidiary Baltika. Carlsberg will observe all sanctions against Russia and will continue to assess the situation with regard to its Russian business, it said.

Baltika is the second largest brewing company in Russia with a market share of 27.3%. It paid 61.1 billion rubles in taxes into the budgets of regions where it is located in 2021. The company's investments grew 30% last year to 3.7 billion rubles. Baltika has eight breweries in Russia.