The world's largest alcohol producer Diageo announced that it had made a decision "on the forced gradual reduction of commercial activity in Russia." This was stated in a letter from the company's management sent to employees and partners, the project "Beware, News" reports .
A company representative confirmed to Kommersant that Diageo was leaving Russia. “After ceasing exports and sales of finished products to our customers in Russia in March, we made the difficult decision to gradually reduce our commercial activities in the country,” he said.
The company believes that this will take about six months. During this time, Diageo is going to support employees, including by providing them with an "extended package of compensation payments." "Beware, News" writes that the company will cut 299 employees.
A RIA Novosti source reported that Diageo has completely stopped shipping and selling its products in Russia.
Diageo supplied alcohol to 70,000 stores and 19,000 restaurants and bars in Russia. On March 3, a week after Russia invaded Ukraine, the company announced that it would temporarily suspend imports of alcoholic beverages to Russia. The company then sold its stocks in Russia.