Budweiser Parent Mulls Brewing Pause In Russia

by Shivani Kumaresan, Benzinga Staff Writer

March 11, 2022 1:14 PM | 1 min read | Make a Comment

Anheuser-Busch InBev BUD has asked its partner in Russia, Anadolu Efes, to suspend its license to brew Budweiser in Russia, the Wall Street Journal reported.
The company also plans to forfeit its profits from the joint venture in the wake of Russia’s invasion of Ukraine.
The report cited a spokeswoman for AB InBev that the company hadn’t halted any of its operations in Russia but continues to monitor the situation.
Price Action: BUD shares are trading higher by 0.96% at $56.57 on the last check Friday.

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