Beer giant Heineken and cigarette maker Imperial Brands have joined a growing list of firms to halt operations in Russia. They are the latest to join a corporate exodus from the country in response to the Ukraine conflict.
Bristol-headquartered Imperial – the group behind brands including JPS and Davidoff cigarettes – said it was pausing production at its factory in Volgograd, alongside all sales and marketing activity in the country in a move impacting around 1,000 employees.
Russia and Ukraine together accounted for two per cent of Imperial’s net revenues last year, or around £656 million. It came just hours after Dutch brewer Heineken said it was stopping the production and sale of its own brand beer in Russia.
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