Budweiser Parent Mulls Brewing Pause In Russia

• Anheuser-Busch InBev (NYSE: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.