Budweiser brewer Anheuser-Busch InBev is to pull out of Russia over Ukraine invasion
(Picture: AB InBev )The world’s biggest brewer is to take a $1.1 billion hit as it pulls out of Russia.
AB InBev, the Belgian-US brewer of Budweiser, Corona and Becks, has announced plans to exit the country by selling its stake in a Turkish joint venture, which serves the region. The decision to exit comes in response to Russia’s invasion of Ukraine.
