Top Managers at Carlsberg's Russian Subsidiary Arrested Following Kremlin's Seizure of Business

Carlsberg labels the Kremlin's takeover as 'theft', cuts all ties with its Russian business, and refuses to legitimize the seizure by entering into a deal.

• Denis Sherstennikov and Anton Rogachevsky, top managers at Carlsberg's Russian subsidiary Baltika Breweries, have been arrested on allegations of fraud.
• The arrests follow the Kremlin's seizure of Carlsberg's business in Russia, a move the Danish brewer has labeled as 'theft'.
• Carlsberg has cut all ties with its Russian business and refuses to legitimize the Kremlin's takeover by entering into a deal.
• The Russian authorities accuse the arrested managers of acquiring intellectual property rights for Carlsberg Kazakhstan and Vista BWay Co through deception, which allegedly enabled Baltika to supply its products to several Central Asian countries.
• Baltika is currently suing Carlsberg in Russia, seeking to retain the right to use the Danish brewer's trademarks.

3 Articles

BBC Reuters CNA