Catherine Ivill/Getty Images/FILEWhen Russia launched its full-scale invasion of Ukraine in February 2022, a slew of Western companies left in protest.
But some of the world’s biggest firms — including Nestlé, Heineken and snack maker Mondelez — stayed put.
Companies now find themselves caught between Western sanctions and public outrage on the one hand, and an increasingly hostile Russian government on the other.
The Kremlin is making it more difficult for Western firms to sell their Russian assets — and imposing steep discounts and punitive taxes when they do.
“Western companies are now caught between a rock and a hard place.”Read the full story here.
Persons:
Telia Parken, Catherine Ivill, —, Vladimir Putin, Carlsberg, Maria Shagina, ”
Organizations:
Carlsberg, UEFA Europa, FC Kobenhavn, Celtic FC, Telia, Nestlé, Heineken, Companies, Danone, Breweries, International Institute for Strategic Studies, CNN
Locations:
Copenhagen, Denmark, Russia, Ukraine