The beer giant Carlsberg may exit Russia by selling its business operations there.

The Western company Carlsberg Group, known for its beer and low-alcohol beverage production, seems to finally be leaving the Russian market after nearly three years of attempts to do so. The "Baltika" breweries, which are the company's assets in Russia, may be sold by the end of 2024 for 30 billion rubles (just over 280 million USD).

This information was reported by the Russian publication "Vedomosti," citing its own sources familiar with the negotiation process. It is noted that the so-called "government commission on foreign investments," created by the Russian regime, has approved the sale of assets, and the agreement is expected to be finalized by the end of 2024.

The deal amount is not disclosed, but sources suggest it will be around 30 billion rubles. The company likely agreed to this amount due to pressure from the Russian regime, which threatened to "nationalize" the assets. The actual value of the "Baltika" breweries exceeds 50 billion rubles.

Supporting the likelihood of the agreement is the news that Russian President Vladimir Putin issued a decree on December 2, which removed the shares of "Baltika" from the temporary management of Rosimushchestvo. This agency seized the Russian assets of Carlsberg Group in July 2023.

As previously reported, the company Heineken has already exited Russia, and all its assets, including seven breweries, have come under the control of the Russian company Arnest Group. This company is, by the way, a producer of "Dichlorvos."

Meanwhile, hundreds of Western companies that promised to withdraw their business from Russia after the full-scale invasion of Ukraine have changed their minds and stayed. Among them are the American cosmetics manufacturer Avon Products, the French industrial group Air Liquide, and the British consumer goods producer Reckitt Benckiser.