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- Heineken finally cut ties with Russia 18 months after the Ukraine invasion.
- The company took a 300 million euro hit after selling its Russian operations for 1 euro.
- Only about half the western companies that pledged to leave Russia have made a clean break, per a Yale study.
Heineken has finally sold its Russian operations 18 months after Vladimir Putin invaded Ukraine.
The token one euro payment transferred its assets, including seven breweries, to Russia's Arnest Group. Heineken will take a hit of about 300 million euros ($324 million) following the sale, the Financial Times reported.