Pause operations: company temporarily curtailing operations while keeping return options open

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Budweiser Budvar is a beer brand of the Czech state company Budějovický Budvar.

 

Pause operations: company temporarily curtailing operations while keeping return options open

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The Company Statement
February 28, 2022

Suspended beer deliveries to Russia. Budejovicky Budvar NP said its net profit jumped 46.3% last year to 293.8 million Czech crowns ($12.6 million). It attributed the result to successful development of its markets at home and abroad, which helped compensate for the loss of the Russian market. Budvar halted exports to Russia and Belarus following Russia’s invasion of Ukraine in February 2022.

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Statements Archive
July 12, 2024Czech brewer Budvar's net profit up 46.3% in 2023
June 02, 2023Russia indirectly receives not only elite Western alcohol, but also Ukrainian vodka
March 11, 2022These are the companies that have pulled out of Russia since its invasion of Ukraine
March 03, 2022Czech beer producers have stopped deliveries to Russia
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