date:Aug 28, 2023
year license for some smaller regional brands, which are required to ensure business continuity and secure transaction approval.
Heineken will provide no brand support and receive no proceeds, royalties or fees from Russia.
There is no call option to return to Russia, states the company.
Financial impacts
As a result of exiting Russia, Heineken expects total non-cash exceptional losses amounting to 300 million (US$ million), including cumulative foreign exchange losses relating to Russia curr