Nationalization of beer and Kirieshki: how a beer giant became “one of our own” and a confectionary became an “enemy”
🔸 Brewing company AB InBev Efes announced a name change to Drinks together and a logo update. According to the press service, this "reflects the company's deep integration into the Russian economy."
“For us, the new name is an opportunity to establish ourselves as a modern, innovative, and stable Russian business whose ambitions and interests have already extended beyond the brewing market,” — the company writes.
In December 2024, Putin transferred the nationalized shares of the Belgian beer producer to the temporary management of JSC GC Vmeste, which is owned by the businessman Nicholas Tyurnikov"Vmeste" acquired eleven breweries in eleven regions of Russia. They produce brands such as Bud, Hoegaarden, Velkopopovický Kozel, Klinskoye, Sibirskaya Korona, and others.
🔸 In response to a lawsuit filed by the Prosecutor General's Office, the KDV Group holding company described its contribution to the Russian economy. The agency had previously demanded that the group of companies be seized from Denis Shtengelov, and the billionaire himself and his father were to be recognized as an “extremist association.”
According to the holding company, Russia's foreign exchange earnings from the activities of KDV Group over the past three years amounted to 1,84 billionDuring this period, the company transferred taxes to the budget of the country and regions 138 billion, and also invested 54 billion in new projects, including the construction of factories, warehouses and the implementation of technologies.
After the war with Ukraine began, Russian authorities nationalized assets of almost four trillion rublesNSP law firm staff noted that the first to be "nationalized" are private companies producing products for which there are few or no substitutes in the "friendly" market.