Reported 5 days ago
Russian President Vladimir Putin has transferred control of Anheuser-Busch InBev's joint venture in Russia to a local company, disrupting the brewer's plans to exit the market through a partnership with a Turkish firm. The decision, outlined in a presidential decree, places all shares of AB InBev Efes Russia under the Vmeste group temporarily. The move raises uncertainties about AB InBev's future in Russia, as the company may face difficulties similar to those encountered by other Western businesses exiting the country amid regulatory hurdles.
Source: YAHOO