Live updates: Brewing giant Heineken pulls out of Russia

By AP News

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THE HAGUE, Netherlands — Dutch brewing giant Heineken says it is pulling out of Russia amid Moscow’s ongoing war against Ukraine.

THE HAGUE, Netherlands — Dutch brewing giant Heineken says it is pulling out of Russia amid Moscow’s ongoing war against Ukraine.

The company said Monday that its business in Russia “is no longer sustainable nor viable in the current environment. As a result, we have decided to leave Russia.”

It said it is seeking an “orderly transfer of our business to a new owner in full compliance with international and local laws.”

Heineken will continue to pay its 1,800 staff in Russia through the end of the year. The company says it will not profit from the sale of its Russian operations and expects to take a 400 million-euro ($438 million) charge as a result.

Amid international outrage and sanctions that followed Moscow’s invasion of Ukraine, the Netherlands-based brewer halted new investments and sales to Russia and ended production, sales and advertising of its Heineken brand beer there.

The company said Monday that it continues to “hope that a path to a peaceful outcome emerges in the near term.”

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KEY DEVELOPMENTS IN THE RUSSIA-UKRAINE WAR:

Russia shifts focus to try to grind Ukraine’s army in east

Poll: War raises Americans' worry that US could be nuclear target

Holocaust survivors flee from Ukraine to Germany for safety

Ukrainian welders turn donated vehicles into army transport

— Ukraine war threatens food supplies in fragile Arab world

The Oscars have moment of silence , and a plea, for Ukraine

— ‘My personal tragedy’: Ukrainians brace for an attack on Odesa

— Go to https://apnews.com/hub/russia-ukraine for more coverage

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OTHER DEVELOPMENTS:

ANKARA, Turkey — Turkey’s defense ministry says military teams are working to disable a second naval mine that was detected floating off Turkey’s Black Sea coast.

On Monday, the ministry said Underwater Defence Teams that were dispatched to the site off the coast of Igneada, near the border with Bulgaria, had managed to secure the mine and were now working to “neutralize” it.

On Saturday, authorities closed the Bosporus — the landmark waterway between the Black Sea and the Sea of Marmara — to traffic as a precaution as the Turkish coast guard responded to reports of a drifting mine-like object which was later “neutralized.”

The sighting of the explosive devices follows warnings that mines laid at the entrances to Ukrainian ports could break free in heavy weather and cross the Black Sea.

On March 18, Turkey issued a Navtex alert advising ships to keep a “sharp look out” and report any possible mines that had drifted from ports such as Odesa.

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GENEVA — The Office of the UN High Commissioner for Human Rights says it has recorded 1,119 civilian deaths and 1,790 people injured since Russia invaded Ukraine on Feb. 24.

The UN agency said Sunday most casualties were caused by use of explosive weapons with a wide impact area, including shelling from heavy artillery and multiple-launch rocket systems, and missile and air strikes. It said it believes actual figures are “considerably higher,” given delays in obtaining information and in corroborating the reports.

Of those killed, 224 were men, 168 women, 15 girls and 32 boys. The sex of another 52 children and 628 adults has not yet been determined.

The report said allegations of many civilian casualties in the besieged southern city of Mariupol and in Volnovakha, Izium, Popasna, Rubizhne and Trostianets were still being corroborated and are not included in the latest totals.

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LONDON — Russian forces have made no significant progress in the past 24 hours amid continuing supply problems and aggressive resistance from Ukrainian fighters, U.K. defense officials say.

Poor morale and a lack of momentum have compounded the problems facing Russian forces, Britain’s Ministry of Defense said in its latest intelligence briefing.

Heavy fighting continues around Mariupol as Russian forces try to capture the port on the Sea of Azov, which connects to the Black Sea, the ministry said in a briefing posted on Twitter.

Earlier, the ministry said Russia was maintaining a blockade of Ukraine’s Black Sea coast, cutting off maritime trade with the country. The Russian navy is also launching “sporadic” missile strikes against targets in Ukraine, the ministry said.

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BEIJING — China’s ambassador to the U.S. says that of all parties concerned in the Ukraine, only China has Russia’s ear.

Qin Gang’s comments to the Phoenix Television channel, which has close ties with China’s ruling Communist Party, come as Beijing’s tacit support for Moscow is receiving increasing scrutiny from Washington and others.

China has refused to criticize Russia’s invasion of Ukraine, or even refer to it as such. It has also vigorously opposed punishing economic sanctions imposed on Moscow by the West.

Qin said China was uniquely positioned to help peacefully resolve what he called “the crisis.”

“Now, all parties concerned are in serious confrontation with Russia except China. Only China has the ear of Russia,” Qin told the channel’s “Talk With World Leaders” program in an interview broadcast on Sunday.

Qin blamed NATO’s eastward expansion for having provoked Russia. “Russia feels duped by NATO on its eastward expansion. It feels threatened and cornered,” Qin said.

While Beijing claims it is impartial in the conflict, Chinese state media has repeated false and unsupported claims made by Moscow.

Phoenix has itself received attention for embedding a reporter with Russian troops who has produced a steady stream of pro-Moscow reports.

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LVIV, Ukraine — Ukraine’s priorities at the Ukrainian-Russian talks in Turkey this week will be “sovereignty and territorial integrity,” President Volodymyr Zelenskyy told his nation Sunday in his nightly address.

“We are looking for peace, really, without delay,” he said. “There is an opportunity and a need for a face-to-face meeting in Turkey. This is not bad. Let’s see the outcome.”

This week, he said, “I will continue to appeal to the parliaments of other countries” to remind them of the dire situation in besieged cities like Mariupol.

Zelenskyy also told independent Russian journalists Sunday that his government would consider declaring neutrality and offering security guarantees to Russia, repeating earlier statements. That would include keeping Ukraine nuclear-free, he said.

He told the reporters that the issue of neutrality — and agreeing to stay out of NATO — should be put to Ukrainian voters in a referendum after Russian troops withdraw. He said that a vote could take place within a few months once Russian troops leave.

Russia quickly banned Zelenskyy’s interview from being published. Roskomnadzor, which regulates communications for Moscow, issued the ban Sunday, saying there could be action taken against the Russia-based media outlets that took part, which included “those that are foreign media outlets acting as foreign agents.”

Zelenskyy responded by saying Moscow was afraid of a relatively short conversation with journalists. “It would be funny if it weren’t so tragic,” he said, according to the Ukrainian news agency RBK Ukraina.

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BERLIN — German Chancellor Olaf Scholz says that neither NATO nor U.S. President Joe Biden aim to bring about regime change in Russia.

Biden said of Russian President Vladimir Putin during a speech on Saturday that “this man cannot remain in power.” The White House and other U.S. officials rushed to clarify that Biden wasn’t actually calling for Putin to be toppled.

Asked during an appearance Sunday on ARD television whether Putin’s removal is in fact the real aim, Scholz replied: “This is not the aim of NATO, and also not that of the American president.”

Scholz added: “We both agree completely that regime change is not an object and aim of policy that we pursue together.”

Asked whether Biden made a dangerous mistake with his comment, Scholz replied: “No.” He said that “he said what he said” and Secretary of State Antony Blinken also had clarified that he wasn’t talking about regime change.

Scholz last month announced a big increase in German defense spending. On Sunday, he confirmed a report by the Bild am Sonntag newspaper that the government is considering acquiring a missile defense shield along the lines of Israel’s “Iron Dome.”

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Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

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