Bacardi Condemns Decisions By Government Of Cuba, And Companies Operating In Cuba, Robustly Uses U.S. Political Process, But Defends Its US$474 Million Business In Russian Federation. Consistency?
/Politico Brussels (17 November 2023)- “BOOZE BANDITS: When the West imposed sanctions on Moscow, hundreds of foreign firms pulled out of the Russian market. But, somehow, in a country with a historic predilection for alcohol, the booze keeps flowing. Jim Beam bourbon and Macallan Scotch whisky are still being imported by the team that marketed them in Russia before the war in Ukraine, a POLITICO investigation finds. More from Sergey Panov and Douglas Busvine here.”
Politico Pro (15 November 2023)- “Yet some changed their mind: Bermuda-based Bacardi, for example, resumed supplies after a pause, and its local business even reported an 8 percent increase in 2022 sales to 32.6 billion rubles (€431 million at the prevailing exchange rate). Profits trebled. The family-owned company, which has been branded by Ukraine’s anti-corruption watchdog as an international sponsor of Putin’s war, has doubled down by expanding its contract bottling operations in Russia. The first bottles of its Oakheart rum were produced in the Tula region, to the south of Moscow, in October.”
The Kyiv Independent (10 August 2023): Ukraine designates Bacardi as 'international sponsor of war'
LINKS To Related Analyses
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