The company in its bankruptcy filing said it is “experiencing financial difficulties” and lists between $50 million and $100 million in liabilities. Stoli vodka and Kentucky Owl bourbon will continue to be available on store shelves while the company navigates the Chapter 11 process, which only pertains to its US business. The liquor has long been marketed as a Russian vodka, but its production facilities have been in Latvia for several decades. Stoli Group is a unit of Luxembourg-based SPI Group, which owns other spirit and wine brands. “The Stoli Group has been targeted by the Russian Federation since it was formed nearly 25 years ago,” said Stoli Group CEO Chris Caldwell in a statement.

---

Persons: Stoli, Stoli Group’s, Yuri Shefler, Vladimir Putin, ”, Chris Caldwell, ’, Caldwell Organizations: New, New York CNN — Stoli, Russian, Stoli, Russian Federation Locations: New York, Russia, Kentucky, ”, Ukraine, Russian, Latvia, Luxembourg