We have informed Baltika Breweries that we have terminated the license agreements, which enable Baltika to produce, market and sell all Carlsberg Group products, including international and regional brands. This is a response to the presidential decree issued on 16 July 2023 temporarily transferring management of Baltika to the Russian authorities. There will be a limited run-off period stretching to 1 April 2024, where already existing stock and materials can be used up by Baltika. We...