<p>Dutch brewer Heineken became on Wednesday the latest foreign business to halt its operations in Russia over Moscow's war in Ukraine, saying it would stop selling and producing beer there.</p>.<p>The world's second-biggest beer company had already suspended new investments and exports to Russia last week.</p>.<p>"We are shocked and saddened to watch the tragedy in Ukraine unfold," Heineken chief executive Dolf van den Brink said in a statement.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/world-news-politics/10-dead-in-strikes-in-severodonestk-in-eastern-ukraine-1089634.html">10 dead in strikes in Severodonestk in eastern Ukraine</a></strong></p>.<p>"The Russian government's war against Ukraine is an unprovoked and completely unjustified attack," he said.</p>.<p>The company said it was stopping the production, advertising and sale of the Heineken brand in Russia "in response to the continued escalation of the war".</p>.<p>Heineken employs 1,800 people in Russia and says it is the third-biggest brewer in the country, where it makes the Zhigulevskoe and Oxota brands for the local market.</p>.<p>The brewer said it would take "immediate steps to ring-fence" its Russian business from the rest of its global operations "to stop the flow of monies, royalties and dividends out of Russia."</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/international/world-news-politics/russia-says-it-thwarted-plot-to-attack-donbas-1089629.html" target="_blank">Russia says it thwarted plot to attack Donbas</a></strong></p>.<p>"Heineken will no longer accept any net financial benefit derived from our Russian operations," it said.</p>.<p>Heineken's other famous brands include Amstel, Tiger and Strongbow cider.</p>.<p>About 300 companies have announced their withdrawal from Russia since it invaded neighbouring Ukraine, according to Yale University researchers.</p>.<p>McDonald's, Coca-Cola and Starbucks joined the crowd on Tuesday following public pressure to do so.</p>.<p>French rail giant Alstom announced on Wednesday that it was suspending deliveries to Russia as well as future businesses investments there.</p>.<p>But Alstom said it was keeping its stake in Russian locomotives and rail equipment provider Transmashholding.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Dutch brewer Heineken became on Wednesday the latest foreign business to halt its operations in Russia over Moscow's war in Ukraine, saying it would stop selling and producing beer there.</p>.<p>The world's second-biggest beer company had already suspended new investments and exports to Russia last week.</p>.<p>"We are shocked and saddened to watch the tragedy in Ukraine unfold," Heineken chief executive Dolf van den Brink said in a statement.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/world-news-politics/10-dead-in-strikes-in-severodonestk-in-eastern-ukraine-1089634.html">10 dead in strikes in Severodonestk in eastern Ukraine</a></strong></p>.<p>"The Russian government's war against Ukraine is an unprovoked and completely unjustified attack," he said.</p>.<p>The company said it was stopping the production, advertising and sale of the Heineken brand in Russia "in response to the continued escalation of the war".</p>.<p>Heineken employs 1,800 people in Russia and says it is the third-biggest brewer in the country, where it makes the Zhigulevskoe and Oxota brands for the local market.</p>.<p>The brewer said it would take "immediate steps to ring-fence" its Russian business from the rest of its global operations "to stop the flow of monies, royalties and dividends out of Russia."</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/international/world-news-politics/russia-says-it-thwarted-plot-to-attack-donbas-1089629.html" target="_blank">Russia says it thwarted plot to attack Donbas</a></strong></p>.<p>"Heineken will no longer accept any net financial benefit derived from our Russian operations," it said.</p>.<p>Heineken's other famous brands include Amstel, Tiger and Strongbow cider.</p>.<p>About 300 companies have announced their withdrawal from Russia since it invaded neighbouring Ukraine, according to Yale University researchers.</p>.<p>McDonald's, Coca-Cola and Starbucks joined the crowd on Tuesday following public pressure to do so.</p>.<p>French rail giant Alstom announced on Wednesday that it was suspending deliveries to Russia as well as future businesses investments there.</p>.<p>But Alstom said it was keeping its stake in Russian locomotives and rail equipment provider Transmashholding.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>