Heineken has sold its business in Russia to Russian manufacturer Arnest Group for €1, taking a €300 million loss. The sale includes all of Heineken's assets in Russia, including seven breweries. The company faced criticism for the slow pace of its exit, but CEO Dolf van den Brink stated that the transaction was carried out to protect the livelihoods of employees. More than 1,000 global companies have withdrawn or reduced operations in Russia due to the war in Ukraine. The Russian government has imposed strict requirements for foreign businesses exiting the country.

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